to 1.0912 from 1.0851 on the news and bond yields in Italy, one of the hardest hit by the pandemic and which has a huge public debt, fell to a one-month low of 1.67% from 1.79% IT10YT=RR.
It is to be paid for through the EU budget that will come after 2027, the Franco-German document said. French President Emmanuel Macron speaks during a joint video news conference with German Chancellor Angela Merkel at Elysee Palace in Paris, France May 18, 2020. France and Germany discussed Europe's economic recovery plans to respond to the coronavirus crisis. Francois Mori/Pool via REUTERS
“We will consider proposals and ideas like the French and Germans have done. Eventually there must be a proposal from the European Commission and that will be the starting point for the discussions,” said Stephan Schrover, a spokesman for Dutch Prime Minister Mark Rutte.
Yes, we should celebrate ‘historic’ level of debt. Well done France and Germany 👏🏻 What next for the EU ? 😅
😂 everything they do always is historic 🤣
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