EU leaders discussed economic recovery

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The COVID-19 virus is primarily a risk to human life and health. But it has also had serious consequences for jobs and the economy, both globally and in Sweden.
Economic recovery following the COVID-19 crisis was the theme when Prime Minister Stefan Löfven met his EU colleagues via a videoconference on 23 April.

Prime Minister Stefan KLöfven
Economic recovery following the COVID-19 crisis was the theme when Prime Minister Stefan Löfven met his EU colleagues at a videoconference on 23 April. Photo: Ninni Andersson/Regeringskansliet

- The COVID-19 virus has seriously affected our continent, and cooperation and solidarity in the EU has been tested. For example, it is difficult to grant the use of intensive care beds when you do not know how many you need yourself, and EU cooperation was discounted at the beginning of the crisis. But Sweden needs a strong EU that stays together, for the economy and welfare – and with a strong EU we can also combat climate change, said Mr Löfven after the summit.

- We are now facing another challenge, and that is the recovery. At the summit today, we gave the European Commission the task of assessing the needs and proposing an EU recovery fund. Together with like-minded countries, we have presented a number of requirements for this fund. For example, it must concern loans, with strict repayment requirements.

The heads of state and government discussed what EU Member States can do together to strengthen the single market, how a financial aid fund could be designed and what the EU should do to support other affected countries, including in the EU neighbourhood and in Africa.

This was the fourth such videoconference since the COVID-19 outbreak. Previous videoconferences took place on 10, 17 and 25 March.