EU pledges €25bn fund to tackle coronavirus crisis as deaths in Italy rise

Brussels —  The European Commission will set up an EU fund with a firepower of €25bn to tackle the economic crisis caused by the coronavirus outbreak,  European Commission president Ursula von der Leyen said on Tuesday.

Von der Leyen said after  an emergency videoconference of EU leaders that the investment fund should be financed with €7.5bn of EU money and help vulnerable sectors of the economy...

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