The European Union has revealed its intention to raise up to $ 850 billion to its members to fund their recovery from the economic meltdown.
Before this package, the European Union approved a stimulus package worth 540 billion euros.
The new packages will give the European Union the ability to raise taxes directly, potentially causing inflation in Europe and beyond.

Countries like Japan, which released the $ 2.2 trillion package, and the United States, which passed $ 2.3 trillion, made a refund package.

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