Merkel, Macron Back Plan for $543 Billion EU Crisis Recovery Fund

The video discusses the EU's proposed €500 billion recovery fund, highlighting its significance as fresh money aimed at aiding countries hardest hit by the COVID-19 crisis. The fund, supported by Germany and France, requires unanimous approval from all 27 EU member states. Challenges include gaining consensus among fiscally conservative countries and integrating the proposal into the European budget. The urgency of the economic crisis underscores the need for swift action.

How do Merkel and Macron plan to support the recovery fund according to the text?

What is the urgency mentioned in the text regarding the current crisis faced by the European economy?