Wed 15 May 2024
Warszawa (PL)
16/8°C
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Wed 15 May 2024
Praha (CZ)
17/11°C
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Wed 15 May 2024
Bratislava (SK)
17/10°C
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Wed 15 May 2024
Budapest (HU)
17/9°C
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August 24th, 2020
The European Commission, the EU's executive arm, on Monday proposed EUR 11.2 bln in low-interest loans for Poland to help the country protect jobs endangered by the coronavirus crisis. In total, 15 EU members are to receive EUR 81.4bn under the initiative that was presented to the EU Council on Monday. EC President Ursula von der Leyen said the EU must do everything in its power to protect jobs and livelihoods. The loans are aimed to help EU member states cope with a sharp increase in public spending that they have had to make in order to protect jobs against the fallout of the crisis caused by the global coronavirus pandemic.
PAP
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