The plan will rely both on the long-term EU budget (from 2021 to 2027) and a special recovery fund, reports Euronews.
The European Commission laid out its collective vision for recovery funds after the coronavirus pandemic has passed - and it's worth 2.05 trillion dollars. UPDATE May 28, 9:32 AM EDT: EU declares financial 'firepower' of $2.05 trillion with $830 billion aimed at coronavirus recovery SEE THE LATEST CASE NUMBERS ON OUR INTERACTIVE PAGE.īelow is the latest information on the coronavirus disease, to keep you up to date. Since then, the large number of infected cases has grown to spread around the world, causing fatalities on a scale unprecedented this century, until the World Health Organization (WHO) declared the novel virus a global pandemic. The COVID-19 coronavirus outbreak originated in Wuhan, China, in December 2019.
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