Quote from: Thasins61 on May 30, 2020, 01:17:44 PM

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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I don't think that the 750 billion euro EU plan is approved by all countries yet.The northern countries(Netherlands,Germany,Sweden) don't want to increase their spending,while the southern countries want more help coming from the EU budget.The idea of Euro obligations is a problem,and the rich northern countries refuse to pay the debts of the poor south.
Anyway,the EU stimulus plan is way smaller than the US and Japan stimulus plans,so the euro will keep it's value and will continue to be one of the world's most expensive fiat currencies,which is bad for the EU export.