(Bloomberg) — The opposition to plans for the European Union to collectively finance its response to the coronavirus recession is taking shape after four members proposed a temporary fund for emergency loans as an alternative.In a joint paper, the leaders of Austria, Denmark, Sweden and The Netherlands, sometimes dubbed the “Frugal Four,” reiterated their opposition to joint debt and any direct grants and to an increased EU budget, throwing cold water on the initiative set out by German Chancellor Angela Merkel and her French counterpart Emmanuel Macron on Monday.“Our objective is to provide temporary, dedicated funding through the MFF and …read more
Source:: Yahoo Finance
