April 23, 2020 / 8:47 AM / a month ago

EU official: Aiming to launch EU recovery fund at start of 2021 in best case scenario

BERLIN (Reuters) - The European Union is aiming to launch a recovery fund on Jan 1, 2021 in the best case scenario, an EU official said on Thursday.

Spain has proposed the creation of a fund of up to 1.5 trillion euros ($1.62 trillion) financed by perpetual debt.

Reporting by Christian Kraemer; Writing by Michelle Martin; Editing by Riham Alkousaa

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