Europe awakes from COVID-19 restrictions, embraces new-found freedom
Xinhua |
Updated: 2020-06-07 09:19
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REVIVING ECONOMY
The European Union (EU) proposed an unprecedented stimulus package worth 750 billion euros ($846 billion) in May to address the COVID-19 fallout.
Countries have also taken steps to spur spending by providing citizens with bonuses and vouchers while keeping precautionary measures in place.
On Wednesday, German Chancellor Angela Merkel unveiled a stimulus package of nearly 147 billion dollars for 2020 and 2021, which includes a temporary reduction in sales tax and a child subsidy worth 340 dollars per child.
Austria's capital of Vienna is running a "Vienna Gastro Voucher" campaign from June to September, with vouchers handed out to some 950,000 households.
