H.J. Mai
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"You can't host a folk festival in a time like this," said Munich's mayor. Officials said it was a tough decision but they saw no other choice. Some 6 million people attend the festival every year.
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The key feature a bailout fund that would make about $261 billion available for indebted countries. The funds must be used for health care, cure and prevention costs associated with COVID-19.
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European finance ministers spent the overnight hours arguing over the best way to offer financial support to southern members badly hit by the coronavirus. The row highlights a north-south divide.