The EU has agreed a coronavirus rescue plan worth half a trillion euros

A man wearing a face mask walks past the European Commission headquarters as the spread of coronavirus disease (COVID-19) continues in Brussels, Belgium April 9, 2020.  REUTERS/Yves Herman - RC201G9MB4DV

The package will bring the EU’s total fiscal response to the epidemic to €3.2 trillion. Image: REUTERS/Yves Herman

Gabriela Baczynska
EU Correspondent , Reuters
Jan Strupczewski
Deputy Bureau Chief, Reuters
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European stocks have been bouncing back since hitting a low in mid-March.
European stocks have been bouncing back since hitting a low in mid-March, but are still a long way from their peaks. Image: Bloomberg
Italian Prime Minister Giuseppe Conte addresses the Senate, the upper house of parliament, on the spread of coronavirus disease (COVID-19), in Rome, Italy, March 26, 2020 REUTERS/Alberto Lingria - RC2LRF9DIH6A
Italian Prime Minister Giuseppe Conte urged the need for European co-operation. Image: REUTERS/Alberto Lingria
German Chancellor Angela Merkel arrives for a media briefing about measures of the German government to avoid further spread of the coronavirus disease (COVID-19) at the chancellery in Berlin, Germany, April 9, 2020. Markus Schreiber/Pool - RC211G9CV1SN
German Chancellor Angela Merkel considers the COVID-19 pandemic to be one of Europe's darkest periods. Image: REUTERS
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