EU’s Gentiloni: Aid worth EUR1.5 trln could be necessary to tackle COVID-19 crisis

The European Union (EU) Economic Commissioner Paolo Gentiloni said in an interview with Der Spiegel, the aid worth EUR1.5 trillion could be necessary to tackle COVID-19 crisis.

On Friday, Gentiloni said that he was in favor of mutualizing debt, even if not all EU member states currently agree. 

He also called for a coordinated approach to reopening borders within the EU.