Two of the world’s biggest economies moved to hand out funds to cushion the blow from lockdowns and chart a course toward recovery.
The Japanese cabinet approved more than $1 trillion in stimulus funding that includes a combination of subsidies to companies and to people. Parliament is expected to approve the measure next month.
In Brussels, the European Union’s executive arm said it wanted to issue bonds in capital markets to raise 750 billion euros, or $860 billion, to finance the bloc’s economic recovery.
The fund will distribute €500 billion worth of grants—free money that will not be added to national debt—to all 27 member states, with Italy getting the largest slice, followed by Spain.
No comments:
Post a Comment