Displaying items by tag: virus rescue fund

Germany's chancellor, Angela Merkel, has outlined her vision of Europe's future ahead of taking over the rotating EU presidency, saying the pandemic will be a 'stress test' for the bloc. The presidency is responsible for directing the Council's work on legislation, ensuring cohesion between member states, and supervising the continuity of the EU agenda. She welcomed the proposal for a 750-billion euro rescue fund announced by Ursula von der Leyen on 27 May, but said more still needs to be done. She has previously said that Europe is facing its biggest crisis since the EU was founded and wants the bloc to take more global responsibility in handling the fallout from the pandemic, especially as ties with the USA remain strained. The US is Europe’s most important partner, but there are currently more difficulties than Europe would like.