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Merkel: Recovery fund should give grants, no loans to member states
[RTRS] - GERMANY'S MERKEL: RECOVERY FUND SHOULD GIVE GRANTS, NO LOANS TO MEMBER STATES
— FxMacro (@fxmacro) May 18, 2020
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Germany's Merkel: We need a €500B #European recovery fund. Germany and #France have discussed that today.
— ForexFlow (@forexflowlive) May 18, 2020
Recovery Fund must contribute to goal that all member states have means to get out of the crisis.$EUR
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[RTRS] - GERMANY'S MERKEL: THERE IS A POSSIBILITY OF EU TREATY CHANGES IN THE LONGER RUN, BUT NOW IT'S ABOUT AGREEING ON SHORT-TERM MEASURES
— FxMacro (@fxmacro) May 18, 2020
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Franco-German initiative for Europe's economic recovery after the corona crisis
The current crisis cannot be compared to any crisis in the history of the European Union. No one, no job and no company is spared this global shock. As our societies and economies slowly find their way out of the severe restrictions of recent times, we continue to face extraordinary uncertainties. Our goal, however, is clear: Europe will face this crisis together and we will emerge from it stronger. It is the declared aim of our joint efforts to achieve a sustainable economic recovery for the European Union. We, Germany and France, are committed to our responsibility for the EU without any ifs and buts and we will ... (full story)
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Macron and Merkel present joint Covid-19 recovery plan for EU
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