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EU to launch virus recovery plan in June

13 Sept 12:56 Key points summarised by AI

The EU's landmark 750-billion-euro "Next Generation EU" recovery plan received final approval from all 27 member states, enabling its launch in June.
This approval empowers the European Commission to borrow necessary funds from capital markets on behalf of the EU to finance social and economic recovery.
The plan signifies a major step by creating a common debt pool, aimed at lowering borrowing costs for all members, a move previously resisted by some states.
Funds will primarily benefit countries severely impacted by the pandemic, such as Spain and Italy, supporting major infrastructure, environmental projects, and digital advancements.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.