The European Commission on 27 May 2020 presented plans for an EUR 750 billion fund which would be used to foster the economic recovery in the Member States most affected by the COVID-19 pandemic. The Commission had been tasked by Member States to prepare proposals for economic recovery. Estimates of funds needed to mitigate the effects of COVID-19 EU-wide range from EUR 500 billion (French-German proposal), to EUR 1.5 trillion sought by the southern Member States, and EUR 2 trillion sought by members of the European Parliament. The resources for the common recovery fund would be raised mostly through a...