7 minutes agoThe virus divides the EU, Austria, Holland, Denmark and Sweden do not want joint debt
Periskopi(6 years ago)
(6 years ago)At the time when Europe is trying to draw up plans for economic recovery from the pandemic, the first divisions have begun to point out. Four European Union states -- Austria, Holland, Denmark and Sweden -- have submitted their proposals to get out of the economic crisis, writes the Guardian”, Report Express. By [...]
Four European Union states -- Austria, Holland, Denmark and Sweden -- have submitted their proposals to get out of the economic crisis, writes the Guardian”, Report Express.
Refocusing their opposition to any instrument of common debt, these states said countries most affected by the Coronavirus should be helped through non-renewable loans, given a proposal published by Austrian Chancellor Sebastian Kurz's office.
This proposal says that the loan - given money should be directed to activities that contribute most to recovery, such as scientific research and innovation, improved health sector capacities, and the security of a green transition.
Earlier this week, French President Emmanuel Macron and German Chancellor Angela Merkel proposed a 500 billion-euro fund for overhauling the economy destroyed by the pandemic.
However, these four states are insisting that there should be no joint debt because they believe such a process would provide benefits for states offering less funding on the back of the most powerful northern neighbours.
