EU wants to raise $109bn to help Europeans losing their jobs

EU wants to raise $109bn to help Europeans losing their jobs

The EU Commission on Thursday proposed a new $109bn relief initiative that will provide loans to member states who need funds to support jobs. The Commission plans to use the EU Union’s strong credit rating to tap financial markets and then lend the funds cheaply to member states. The program is meant to encourage companies to reduce employees’ hours instead of laying them off completely.

Milan
Milan
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