Marshall Plan for Europe: the EU needs massive investments

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Photo/DW

Ursula von der Leyen, President of the European Commission, has said that the European Union’s budget needs massive investments, DW reports.

“We need a Marshall Plan for Europe. It is necessary to invest billions of euros today future protection,” Ursula von der Leyen said.

According to her, Europe will be back up on its feet, and help to renew the sense of belonging amongst Europe’s nations.

Today, Europe is the epicenter of the coronavirus pandemic and has suffered the most from it. Over 627,000 SARS-CoV-2 cases were confirmed, and more than 46,000 people died in European countries.

Recall, the Marshall Plan provided for billions dollars of US aid and was adopted in 1948 by US Secretary of State George Marshall. He helped rebuild the European economy devastated by World War II.

Read also: Global coronavirus cases reached 1,275,542 people, 1,319 infected in Ukraine.

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