The European Union urgently requires financial injections to stay afloat and survive the coronavirus epidemic currently ravaging the continent, the European commissioner for economy, Paolo Gentiloni, has warned.
A whopping €1.5 trillion ($ 1.63 trillion) could be needed to “deal with this crisis,” Gentiloni told Der Spiegel ahead of the EU leaders summit on the crisis sparked by the outbreak of Covid-19.
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