European Union leaders pledge a 25 billion euro fund to overcome the Corona virus crisis

European Commission President Ursula von der Leyen said on Tuesday that the commission will create a 25 billion euro (28 billion dollar) European Union investment fund to overcome the economic crisis caused by the Corona virus.

Speaking after an emergency conference via closed-circuit television to union leaders, Deere Lien said the investment fund would start with 7.5 billion euros in funding and help vulnerable sectors of the economy.