EU leaders agree to work on establishing joint coronavirus recovery fund ...United Arab Emirates

In a rare show of unity, EU leaders have agreed to ask the bloc’s Commission to create plan for a joint coronavirus recovery fund. While details of the mechanism are still to be ironed out, the move was hailed as a major step forward. “We have expressed strong will to move forward together,” President of the European Council Charles Michel said on Thursday. He added that EU leaders had also agreed to coordinate on a gradual easing of current Covid-19 lockdown measures. The recovery fund is expected to be linked to the EU’s next long-term budget, for the 2021-2027 period. Establishing a joint coronavirus relief mechanism has been a major source of discord in the EU la

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