European Union adopts 100 bn euro programme to save jobs

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European Union adopts 100 bn euro programme to save jobs

May 20, 2020 16:50 IST

In a bid to tackle the economic impact of the Covid-19 crisis, the Council of the European Union on Tuesday adopted the regulation for temporary support. The instrument enables the European Union member states to request financial help of up to 100 billion euro as loans to mitigate unemployment risks.