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FILE PHOTO: European Union flags fly outside the European Commission...

Factbox: EU recovery fund - the battle lines

The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.

FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Milan

Euro zone slump eased in May but still sharp

The devastating impact of the coronavirus on the euro zone economy abated a little this month as some government-imposed lockdown measures introduced to contain the spread of the virus were eased, a survey showed.

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