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Author Topic: Luxembourg prime minister dreaded EU, liquidated establish rehabilitation funds  (Read 737 times)

WuhTerr

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Luxembourg prime minister dreaded EU, liquidated establish fund Will affect the financial market

Luxembourg's Prime Minister Xavier Bethel said that if the European Union (EU) is unable to reach an agreement on the establishment of an Economic Recovery Fund of 7.5 billion euros (8.55 billion), it will affect Greatly to the EU and financial markets Because investors will not be confident in the credibility of the EU in the next stimulus measures.

The 27 EU leaders have come together in Brussels. Capital of belgium For the first time since the outbreak of Covid-19 There will be a meeting today to find a conclusion about the establishment of the said rehabilitation fund.

However, it is expected that the meeting will be extended until this weekend. Because EU members still have conflicts about the conditions for receiving assistance from the fund. Including the allocation of financial aid And overseeing the use of funds

There are also problems with the approval of the said fund. Because the Dutch government insists that The establishment of the Economic Recovery Fund must obtain a consensus from all 27 EU member states, which is different from EU regulations that require the majority of votes from 27 members.

In the past May The European Commission (EC), an EU management organization, has proposed the creation of a 7.5 billion euro rehabilitation fund to help heal the EU economy from the effects of the outbreak of the Covid-19. It consists of 50 billion euros in grants and 2.5 billion euros in loans for EU countries.



 

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