The It's Wednesday, May 27th, 2020, just after market close in London.

This is the Real Vision Daily Briefing.

I'm Ash Bennington from New York, joined shortly by Roger Hurst from the United Kingdom.

But first, here's Nick Correa with the latest market news.

Thanks, Ash.

In recent days, as the world moves toward reopening and recovery efforts, the EU and Japan have both proposed

new stimulus packages to continue to support their ailing economies.

This morning, ECB President Christine LeGard announced that the Eurozone's output is set to contract between 8 and 12 percent.

Lagarde said that, quote, we'll have a better sense in a few days as we publish our numbers in early June,

but it's likely we will be in between the medium and severe scenarios."

End quote.

If Minister, the President of Thunderlaying,

Prego.

Also today, before the European Parliament in Brussels, the European Commission's

President Ursula von der Leyen proposed a stimulus package of 750 billion euros or

$124 billion for all members by issuing bonds in capital markets.

She stated that, quote,

this is Europe's moment.

Our willingness to act must live up to the challenges we are all facing, end quote.

The unique challenge that the EU faces

is that the hardest hit countries are also the weakest financially,

specifically Italy, Spain, and Greece. These proposals put forth by the EU will require the

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