EU’s $8 Billion for Vaccine Just a Start, Von Der Leyen Tells DW - (Bloomberg via NewsPoints Desk)

  • European Commission President Ursula von der Leyen said the €7.5 billion of funds targeted by the bloc to develop and manufacture a coronavirus vaccine "are just the start… we will need more money over time," reported Bloomberg.

  • The World Health Organization and the leaders of France and Germany recently launched a drive to accelerate development of a vaccine, stressing it should be available to everyone, without favor shown to the country that develops it first.

  • In terms of financial aid for member states, von der Leyen said the EU needs "a big recovery instrument" on top of its seven-year budget, a "Marshall Plan-like" that can be channeled through the budget.

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