BRUSSELS, April 24 — European and US leaders grappled yesterday with how to move forward on rescue plans for economies ravaged by the coronavirus pandemic as US jobless claims soared to a staggering 26 million. The European Union is deeply split between the indebted — and virus-hit — south...
European Union flags fly outside the European Commission headquarters in Brussels, Belgium, October 4, 2019. — Reuters pic
In the United States, the House of Representatives — voting, in a break with precedent, in small groups — was set to approve nearly half a billion dollars in new funding but rifts grew between Washington and state leaders. But richer northern countries like Germany and the Netherlands, while saying they are ready to help for now, insist they will not take the long-term step of pooling debt with Mediterranean governments they accuse of profligacy.
The Senate passed the bill Tuesday — reaching a consensus that allowed members to stay out of Washington — but the more unwieldy House had to sort out disputes. South African President Cyril Ramaphosa said that a five-week lockdown would be slowly relaxed starting on May 1. In the United States, the southern state of Georgia will move swiftly to reopen with the Republican governor giving approval for many businesses to lift their shutters on Friday.
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