How Angela Merkel’s Change of Heart Drove Historic EU Rescue Plan

Europe’s €750 billion economic rescue was secured by an unlikely winner: German Chancellor Angela Merkel, who following years of opposition to these handouts, was the driving pressure behind the offer.

With her prodding, European Union leaders took a stage on Tuesday they have shunned for years—agreeing to situation typical personal debt on a large scale—to fund an endeavor to raise member countries out of economic crises introduced on by the coronavirus.

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