EU leaders to hold coronavirus video conference on April 23

European Union leaders will hold a video conference on April 23 to discuss the economic response to coronavirus, the President of the European Council Charles Michel said on Friday, a day after EU finance ministers agreed on half-a-trillion euros worth of support for their coronavirus-battered economies.

"It is time to lay the ground for a robust economic recovery. This plan has to relaunch our economies whilst promoting economic convergence in the EU. The EU budget will have to play a meaningful role here," Michel said in a statement issued via Twitter.

He called the deal reached on Thursday a "significant breakthrough."

EU leaders will have to explore the "setting up of a temporary Recovery Fund to ensure a robust European economic recovery in all Member States," the statement said.

Michel said he is working with the European Commission, the EU's...

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