EU’s Gentiloni Sees 2020 Recession of 6% to Near 10% Across Europe

The video discusses the impact of the pandemic on GDP in the Eurozone, highlighting the expected recession and differences in economic impact across countries. It explains the factors contributing to these divergences, such as the duration and severity of lockdowns and the varying financial capabilities of member states. The need for a strong common response and the establishment of a recovery fund, including grants and loans, are emphasized to mitigate the economic downturn.

Why is a strong common response from European countries necessary after the pandemic?

What measures have been decided to support the economy during the recovery phase?