The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s. The announcement came after France and Germany opened the door to issuing mutual EU debt last week, suggesting that the Commission, the EU’s executive arm, should raise 500 billion euros on the public markets. The Franco-German initiative was described as a “breakthrough” and a “historic” step as Germany had always opposed the idea of jointly;y-issued debt, even during previous crises. There are four European countries that still oppose the Franco-German plan ... (full story)