May 18, 2020 / 4:00 PM / 16 days ago

Europe drawing lessons from previous crisis - France's Macron

FILE PHOTO: French President Emmanuel Macron takes part in a videoconference with region prefects at the crisis center of the Interior Ministry, as the lockdown introduced two months ago to fight the spread of the coronavirus disease (COVID-19) starts to ease, in Paris, France, May 13, 2020. Ludovic Marin/Pool via REUTERS

PARIS (Reuters) - Europe is drawing lessons from the financial crisis, French President Emmanuel Macron said on Monday after France and Germany proposed a European “Recovery Fund” worth 500 billion euros to help the bloc overcome the new coronavirus pandemic.

Macron also said during a joint video conference with German Chancellor Angela Merkel that the Franco-German initiative was a major step forward.

Reporting by Michel Rose; Writing by Matthieu Protard; Editing by Hugh Lawson

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