Germany & France propose EU economic recovery fund

Germany & France propose EU economic recovery fund

France & Germany are proposing a $545bn debt-backed plan to help EU recover from economic effects of Covid-19 pandemic. The EU Commission would borrow money on financial markets in the EU Union’s name, but also respect laws regarding public debt. The fund will be used to provide grants, not loans, for most affected sectors and regions based on EU budget programs and in line with EU priorities.

Milan
Milan
WatashiwaKamidesu
WatashiwaKamidesu 3 months

Da*n, more debt. I hope that Bosnia will never enter, the EU. Cause their market policies; would drown, our already weak economy. Just look at Croatia!

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