The European Union on Wednesday proposed a 750-billion-euro recovery fund to help countries weather a painful recession triggered by the coronavirus crisis and bridge divisions over what kinds of conditions should be attached to access to the money.
Unveiling the package to EU lawmakers, European Commission President Ursula von der Leyen said: “This is Europe’s moment. Our willingness to act must live up to the challenges we are all facing.” She said that the fund, dubbed Next Generation EU, is “providing an ambitious answer.” Two-thirds of the money would take the form of flat-out grants, which many EU countries want, while the rest would be made up of more conditional loans, which some other bloc members advocate.in continental Europe — would each be eligible for about 80 billion euros in grants. France and Poland would have access to around 38 billion euros, while Germany could get 28 billion euros.The grants will not just be handed over.
Italy, Spain and Poland would also be eligible for additional tens of billions in loans, but the conditions for securing those funds are more onerous.
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EU proposes 750 billion-euro coronavirus recovery fundThe European Union is unveiling a massive coronavirus recovery plan to help its 27 member countries rebuild their economies, but they are deeply divided over whether strings should be attached to the funds. There are always strings with the EU..... Australian researchers see virus design manipulation via washtimes That’s a guaranteed disaster.
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China's Chery Auto plans to sell cars in EU, United States: chairmanChina's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover (JLR) , is planning to sell its own-branded cars in the European Union and United States for the first time, its chairman said. jakejakeny Pass. China's best car brand is SAIC MG, Chery is not particularly good. Until Xi_Jinpiing releases Hong Kong from bondage - China can keep their cars and their Huawei 5g network. It's time for America to stand up to this communist country who builds military islands in the South China Sea!
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Border closures, pre-travel tests of little use against COVID-19 spread: EU agencyBorder closures do little to prevent the spread of COVID-19, the European Union's public health agency said, as EU states weigh lifting some travel restrictions imposed at the start of the coronavirus pandemic in Europe. Of course because they want to erode National sovereignty completely How about investing seriously in a range of testing approaches? Swab testing is slow. Temperature and symptom-checklists are proven but only detect symptomatic people. Dogs are still in evaluation. Chemical-sniffers? Oxygen-level tests? Any others? The more detection the better.
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EU plans to raise $825 billion to aid recovery from the coronavirus recessionThe European Commission has proposed giving hundreds of billions of euros to EU countries that have seen their economies devastated by the coronavirus pandemic, a massive relief effort designed to ensure parts of the bloc aren't left behind when the recovery comes. This is on top of the previously proposed 540 Billion Euro Debt package... can the Zone in its entirety carry this? Or, will some countries be more burdened than others?
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Germany still in talks with EU over Lufthansa bailout, expects green light: AltmaierGermany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout. Flew Lufthansa a couple times, great experiences. Should be rescued. On the other hand, no bail outs for cruise line companies! Rescued but keep 51% of the company Even with a bailout, I predict Lufthansa would die as an airline carrier. lufthansa
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Germany still in talks with EU over Lufthansa bailout, expects green light - AltmaierGermany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout. Nice!!! Do people know that 'Bailouts' mean that they use tax money, that ordinary working class individuals have to pay, and also very often they dip into pension funds, and they have to cut social programs to fund them?
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