EU Executive Mulls 2 Trillion Euro Recovery Plan: Internal Note

The European Commission is considering a plan that would produce 2 trillion euros to finance a European economic recovery.

Flags of the European Union fly next to flags of EU member countries at the European Parliament in Strasbourg, France, on July 1, 2019. Frederick Florin/AFP/Getty Images

BRUSSELS—The European Commission is considering a plan that would finance a European economic recovery with 2 trillion euros (about $2.15 trillion) after the deep recession the CCP virus pandemic is expected to cause this year, an internal note of the EU’s executive showed.

The note said both the EU’s next long-term budget for 2021-2027 and a new fund, called the Recovery Instrument, would be used to kickstart growth.