Jul.21 — European Union leaders agreed on a landmark stimulus package that will see the bloc issue 750 billion euros ($860 billion) of joint debt to help member states mitigate the economic downturn. The agreement represents a victory for German Chancellor Angela Merkel and French President Emmanuel Macron, who drafted an early outline for the proposal in May. Maria Tadeo reports from Brussels on “Bloomberg Markets: European Open.”
In This Story: Emmanuel Macron
Emmanuel Jean-Michel Frédéric Macron is a French politician who has been President of France and ex officio Co-Prince of Andorra since 14 May 2017. In the legislative elections a month later, Macron’s party, renamed “La République En Marche!” (LREM), secured a majority in the National Assembly. At the age of 39, Macron became the youngest president in French history.
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In This Story: EU
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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