Merkel urges EU to agree on €750 billion recovery plan by end of JulyGerman Chancellor Angela Merkel on Thursday urged the European Union to reach an agreement on a recovery plan worth €750 billion ($843 billion) by the end of July to kickstart an economy battered by the coronavirus pandemic.

German Chancellor Angela Merkel on Thursday urged the European Union to reach an agreement on a recovery plan worth €750…

German Chancellor Angela Merkel on Thursday urged the European Union to reach an agreement on a recovery plan worth €750 billion ($843 billion) by the end of July to kickstart an economy battered by the coronavirus pandemic.

“It would be best if we could reach an agreement before the summer break,” Merkel said, calling for compromise from member states to enable the deal to be ratified by the end of the year.