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France, Germany plan billions in pandemic recovery spending

Olaf Scholz China Germany France Eu pandemic economy Government
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FRANKFURT – France and Germany together laid out plans for billions in spending from the European Union's pandemic recovery fund aimed at fighting climate change and boosting the use of digital technology across the economy.

The finance ministers of the EU's two biggest economies on Tuesday underlined their joint determination to use the spending to transform Europe's economy and get the continent growing again as it lags behind the U.S.

and China in rebounding from the pandemic recession. Under the fund's formula, France should get around 40 billion euros ($48 billion) while German Finance Minister Olaf Scholz said his country planned about 30 billion euros ($36 billion) in spending.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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