Ursula von der Leyen, President of the European Commission, said that the EU will allocate € 3 trillion to support the economy. This is about 15% of the annual GDP of the Eurozone.
In addition, the European Commission has also prepared options on how EU can lift the quarantine measures. It will begin no earlier than May. Meanwhile, quarantine may be longer in countries whose situations are not good in recent days (France, Spain and Italy).
EUR / USD: Euro declined after the announcement of the EU aid package.
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