17-06-2020 19:07 via uk.finance.yahoo.com

EU post-COVID recovery plan likely to win backing in July - budget chief

The European Union's economic recovery plan after the COVID-19 pandemic is likely to secure backing from member states in July, helping the 27-nation bloc emerge from the recession together, EU Budget Commissioner Johannes Hahn said on Wednesday.EU leaders will tackle the European Commission's 750 billion euro (£672 billion) plan for the first time on Friday, together with a 1.1 trillion euro proposal for the next EU budget for 2021-2027."I'm really confident because everybody understands
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