Taiwan. Welcome to the Program Europe is facing a severe economic shock because of the last night e. U. Leaders signed off on an Emergency Rescue package to help countries deal with the economic fallout of the crisis they also agreed in principle to set up a fund to secure the blocks long term recovery but they are still divided on how this should be financed. The Video Conference was the 4th such meeting since the virus hit e. U. Countries and expectations were lower e. U. Member states of so far failed to agree on how to help those economies hit hardest by the pandemic but after just a few hours the Council President emerged emphasizing the countrys common interests this toned image this putting out of sight is and serious through there will be of each e. U. Member states depends on the will be of the whole of the e. U. We are all in this together michel said leaders have agreed to task the e. U. Commission with linking a Recovery Plan to the use next long term budget a u Commission