"Team Europe" global response to COVID-19: Council welcomes the mobilisation of almost €36 billion and approves conclusions

Published in Economics
Thursday, 18 June 2020 12:24

The European Council approved conclusions on the "Team Europe" package that is part of the EU's global response to the COVID-19 pandemic. In its conclusions the Council expresses its deep concern about the global spread of the COVID‑19 pandemic, which continues to claim lives worldwide and have far-reaching social and economic effects.

The Council stresses the urgency of protecting the lives and livelihoods of all people, leaving no-one behind, and of prioritising efforts in partner countries that are most in need. In light of that the Council fully supports the "Team Europe" approach and welcomes the announcement that almost 36 billion euro have now been mobilised and will be used to address the devastating effects of the COVID-19 crisis in partner countries and regions.

The "Team Europe" package was launched on 8 April 2020 to support EU partner countries in the fight against the COVID-19 pandemic and its consequences. The financial support initially pledged was around 20 billion euro and combined resources from the EU, its member states, and financial institutions, in particular the European Investment Bank and the European Bank for Reconstruction and Development.

source: https://www.euneighbours.eu/en/east-south/stay-informed/news/team-europe-global-response-covid-19-council-welcomes-mobilisation

 

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