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The EU creates a Fund to combat coronavirus in the amount of 25 billion Euro

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member States of the EU will have to use these sums to accelerate their investments in structural funds.

The EU creates a Fund to combat coronavirus in the amount of 25 billion Euro

the leaders of the countries of the European Union decided to establish an investment Fund to combat the spread of coronavirus and agreed on a package of measures to protect the economy of the community from the consequences of the epidemic. About it heads of state and government of the EU agreed during the videoconference. Cases COVID-19 revealed throughout the European Union.

"Will be created an investment Fund for the coronavirus, the amount of which will quickly reach 25 billion euros," - said the head of the European Commission, Ursula von der Leyen. "I would appeal to Parliament and the European Council to 7.5 billion euros have been allocated immediately. I will create a task force to ensure the flow of funds in the coming weeks."

Members of videocamera identified priorities in the fight against coronavirus. We are talking about limiting the spread COVID-19, the warning of shortage of masks and respirators, and the development of the vaccine and the overcoming of socio-economic impacts of the epidemic.

"member States of the EU agreed that the health of our citizens is a priority that the measures to combat coronavirus should be based on scientific and medical recommendations, and be proportionate, to avoid an extremely undesirable outcome for our society," - said the head of the European Council Charles Michel.

to quickly send 25 billion euros of European public investments to overcome the consequences of the crisis of coronavirus, the Commission will propose this year to abandon its obligation to require the recovery of unspent pre-financing for the European structural and investment funds, which are currently the state-member.

so far, the reaction to the outbreak of coronavirus infection in the EU varied considerably: in some countries was limited to public health recommendations, in others, as for example in Italy, was introduced strict quarantine measures.

At the same time, Italian steel Association Federacciai said that all metallurgical companies in the North of Italy remain in service despite the introduction of March 8 to April 3 quarantine in 14 provinces, which include cities such as Milan and Venice.

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