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'Defining moment' as EU executive pushes for €500bn in grants Plan to help EU states hardest hit by coronavirus faces resistance from 'frugal four' The European Union executive has called for a €750bn (£671bn) recovery plan to help the hardest hit countries find a way out of the unprecedented economic downturn caused by the pandemic. European commission president Ursula von der Leyen said the EU faced a defining moment, never seen in its 70-year history: "The crisis has huge externalities and spillovers across all countries and none of that can be fixed...
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