The European Union (EU) has announced the launch of a new economic recovery plan worth €750 billion to help member states overcome the economic challenges caused by the COVID-19 pandemic. The plan includes a mix of grants and loans for countries that have been hit hardest by the crisis. The package will be financed through a common EU debt issuance, a measure that marks a significant step towards closer economic integration within the bloc. The recovery plan also includes additional funding for the EU budget for the next seven years.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.