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EU mobilizes €25 billion against Wuhan coronavirus

Christian Fernsby |
The EU decided on mobilizing €25 billion ($28,2 billion) to counter the spread of Wuhan coronavirus.

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All the 27 European heads of states and governments joined a video conference with the European Council’s President Charles Michel yesterday afternoon.

The European leaders decided on focusing on four priorities, Michel told a joint press conference with von der Leyen after the leaders' virtual meeting.

The EU is committed to limit the spread of the virus, ensure the provision of medical equipment, prompt research on the epidemic and tackle socio economic consequences, Michel said.

To counter the spread of the COVID-19 and the economic fallout, €7,5 billion will be immediately mobilized, she added.

In total, the EU is planning on €25 billion coronavirus budget.

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