EU plans to start spending huge recovery fund in months

Photo taken on Jan. 18, 2021 in Brussels, Belgium shows Paschal Donohoe (on the screen), president of Eurogroup, speaking at an online press conference after a Eurogroup ministerial meeting. The European Union (EU) plans to start raising and allocating in the next few months the main part of the 750-billion-euro (906-billion-U.S.-dollar) recovery fund, designed to bail out the bloc's economies hard hit by the COVID-19 pandemic, EU Commissioner for Economy Paolo Gentiloni said Monday. (European Union/Handout via Xinhua)