Hopes high as Germany begins EU presidency

China Daily (Europe) | Jul 1, 2020 at 2:00 AM
  • Germany hopes that its European Union presidency, which begins on Wednesday, will not only help the bloc to recover from the ravages of the COVID-19 pandemic but also to embark on a future-oriented path.
  • Germany will replace Croatia to assume the rotating presidency of the Council of the European Union from July 1 to December 31.
  • The 1.85 trillion euro ($2.07 trillion) recovery package would include 1.1 trillion euros from the 2021-27 long-term budget and 750 billion euros raised from the financial market.