"500 billion euro is a significant number in macroeconomic terms, but a more ambitious approach would be welcome to solve a symmetric crisis of such proportions," commented Janša, adding that what is needed at the moment is an "arrangement on the multiannual financial framework of the European Union and the recovery fund in one package".

Today, the Prime Minister also discussed the aforementioned fund for restarting the EU economy after the coronavirus pandemic and the multiannual financial framework with his Italian counterpart Giuseppe Conte. They agreed that an ambitious proposal by the European Commission is needed to tackle the crisis and help businesses and families. "This is vitally important for the full recovery of the EU and the common market," tweeted the Slovenian Prime Minister.

To recap: On Monday, Germany and France proposed a 500 billion euro recovery fund to restart the EU economy, which is facing a major economic crisis due to the coronavirus pandemic. The countries receiving support from the fund would be provided with grants rather than loans.