The two largest EU countries have offered to create a Fund to rescue the economy by 500 billion euros

Две крупнейшие страны ЕС предложили создать фонд спасения экономики на 500 миллиардов евро

The two largest countries of the EU invited the Commission to borrow funds on behalf of the entire unit and spend them in addition to the EU budget for the years 2021-2027, which is already close to 1 trillion euros.

France and Germany on Monday proposed the creation of a recovery Fund to 500 billion euros ($543 billion), which will provide grants to EU regions and sectors most affected by coronavirus crisis.

The two largest countries of the EU invited the Commission to borrow funds on behalf of the entire unit and spend them in addition to the EU budget for the years 2021-2027, which is already close to 1 trillion euros, reports Reuters.

However, the offer of grants, not loans, you may meet resistance from some EU countries such as the Netherlands, Finland and Austria, which do not welcome additional costs.

The European Commission should present its own proposal for the reconstruction Fund tied to the next long-term budget block, may 27. The Commission reported that it welcomed the initiative of Paris and Berlin.

Share