Spotlight: European Commission proposes borrowing landmark recovery fund, in "Europe's moment"

European Commissioner for Budget and Administration Johannes Hahn attends a press conference on the commission's proposal related to a recovery plan in Brussels, Belgium, May 27, 2020. The European Commission on Wednesday proposed borrowing 750 billion euros (826 billion U.S. dollars) in its name from the financial market to help the world's largest trading bloc recover from a recession owing to the coronavirus pandemic. (European Union/Handout via Xinhua)