RIO DE JANEIRO, BRAZIL - The Franco-German axis positioned itself on Monday for the bailout of post-pandemic Europe with a trillionaire initiative of joint reconstruction.
German Chancellor (Prime Minister) Angela Merkel and French President Emmanuel Macron emerged on Monday afternoon to announce a four-point plan that includes a €500 billion euro (R$3.12 trillion) aid fund for the countries most affected by an "unprecedented crisis in the history of the European Union," according to a joint statement.
"This crisis is unprecedented and for the solution to be effective it requires a collective and, above all, European response . . .