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European Union president Ursula von der Leyen approves coronavirus recovery plan

The European Union moved a step closer on Wednesday to deploying the bloc’s massive pandemic recovery fund, with a top executive going to Portugal and Spain to announce the bloc’s initial endorsement of their national spending plans.European Commission President Ursula von der Leyen first visited Portugal, which was the first of the EU’s 27 countries to formally present ideas for spending its share of the €800 billion (US$970 billion) earmarked last year to help countries out of a sharp…

Read the original article at South China Morning Post

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