EU floats €2T recovery plan
The European Commission is proposing a €2T recovery plan ahead of a videoconference today to discuss the next steps in tackling the healthcare conditions.
The EU currently expects output to contract by as much as 10% this year and some of the hardest-hit member states have argued for the use of joint debt sales to finance the recovery.
The draft plan also calls for the integration of a €300B recovery fund into the 2021-2027 budget and borrowing €320B on the capital markets.
$Currencyshares Euro Trust Euro Currency Shares Npv(FXE.US$
$Proshares Trust Ii Proshares Ultrashort Euro(EUO.US$
The EU currently expects output to contract by as much as 10% this year and some of the hardest-hit member states have argued for the use of joint debt sales to finance the recovery.
The draft plan also calls for the integration of a €300B recovery fund into the 2021-2027 budget and borrowing €320B on the capital markets.
$Currencyshares Euro Trust Euro Currency Shares Npv(FXE.US$
$Proshares Trust Ii Proshares Ultrashort Euro(EUO.US$
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