Out of Office: Eurozone inflation hits 7.4% in April; EC offers additional €9bn in loans to Ukraine

The European Commission proposed giving an additional €9 billion in EU loans to Ukraine in 2022 to keep the country going until the end of June. It also suggested setting up a ‘Rebuild Ukraine’ facility of grant and loans modelled on the EU’s own recovery fund. Ukraine needs roughly $5 billion a month for basic operations and the EU expects the US and other G7 countries Britain, Japan and Canada to contribute to help Ukraine ...