Merkel Macron joint Covid plan 500 bn Euro fund for recovery
European rescue plan and early success in coronavirus vaccine research leads to market surge
Beijing also offered to share a vaccine once one became available.
But China’s main critic, the United States, sharpened the tone at the same talks, accusing the WHO of being too close to Beijing, citing as evidence the continued exclusion of Taiwan from the UN health agency.
France and Germany’s announcement of a half-trillion-euro European fund and encouraging early results in the search of vaccine by a US biotech firm on Monday has led investors to believe that the economic fallout from the coronavirus can be handled.
Global markets surged as Europe pushed towards normality with major landmarks reopening after a two-month hiatus, and as China told the World Health Organization it would back an independent inquiry into the handling of the outbreak once the pandemic is “brought under control.”
At the White House, President Donald Trump slammed China’s handling of the crisis — and dropped a bombshell by revealing he has been taking hydroxychloroquine, an anti-malaria drug that is an unproven treatment against coronavirus.
Trump, who has tested negative for Covid-19, dismissed safety warnings about the drug, saying he is taking it “because I think it’s good. I’ve heard a lot of good stories