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U.S. Markets

Spain's Prime Minister Sanchez welcomes French-German recovery fund initiative

MADRID (Reuters) - Spain’s Prime Minister Pedro Sanchez welcomed a 500 billion euro ($543 billion) Recovery Fund proposed by France and Germany on Monday to help regions and sectors hardest hit by the coronavirus.

“It is a first step in the right direction,” Sanchez wrote on Twitter, adding it was an initiative in line with Spain’s demands that “we should keep advancing”.

Reporting by Jessica Jones; Editing by Chizu Nomiyama

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