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France says EU coronavirus recovery fund to be financed by joint debt
European Union finance ministers have agreed to an economic recovery plan for the coronavirus crisis that France’s minister said implicitly opens the door to jointly issued debt and which he hailed as a French success.The agreement was reached only after Germany and France overcame opposition from the Netherlands to the crisis plan during marathon talks. The final agreement avoids an explicit mention of jointly issued debt, which was anathema to the Dutch, but French Finance Minister Bruno Le Maire said it was there implicitly. Le Maire told reporters after talks with his euro zone counterparts that European Union ... (full story)