U.S. markets close in 3 hours 58 minutes
  • S&P 500

    4,205.87
    +83.40 (+2.02%)
     
  • Dow 30

    33,300.68
    +526.27 (+1.61%)
     
  • Nasdaq

    12,826.79
    +332.86 (+2.66%)
     
  • Russell 2000

    1,960.72
    +47.82 (+2.50%)
     
  • Crude Oil

    90.21
    -0.29 (-0.32%)
     
  • Gold

    1,814.70
    +2.40 (+0.13%)
     
  • Silver

    20.73
    +0.24 (+1.19%)
     
  • EUR/USD

    1.0337
    +0.0119 (+1.17%)
     
  • 10-Yr Bond

    2.7680
    -0.0290 (-1.04%)
     
  • GBP/USD

    1.2244
    +0.0168 (+1.39%)
     
  • USD/JPY

    132.6000
    -2.5160 (-1.86%)
     
  • BTC-USD

    24,023.00
    +915.88 (+3.96%)
     
  • CMC Crypto 200

    565.14
    +33.92 (+6.39%)
     
  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

EU leaders agree on need for EU recovery fund, says Merkel after talks

·1 min read

BERLIN, April 23 (Reuters) - European Union leaders are agreed that they must work together to set up a fund to help recover from the coronavirus pandemic although they were still at odds on some points, German Chancellor Angela Merkel said on Thursday.

After a video conference of EU leaders, Merkel said such a fund was also in German interests and Berlin would have to make higher contributions to the future EU budget.

"It was clear to everyone that we need such a recovery fund," Merkel told reporters. "I want to say very clearly that such a joint solution is in Germany's interest, because things can only go well for Germany if they go well for Europe." (Reporting by Madeline Chambers and Thomas Escritt)