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EU Recovery Fund
Article

EU Recovery Fund

How the Plan Will Work



Editorial Rating

8

Qualities

  • Overview
  • Background

Recommendation

The coronavirus has hit the European Union hard. In mid-July 2020, following four days of intense haggling, EU negotiators hammered out an accord to provide monetary support to member governments. The agreement gives the European Commission an extraordinary authorization to borrow money from the financial markets for a recovery fund to distribute to states in the bloc. In this brief, plain-English overview, journalists Jim Brunsden, Sam Fleming and Mehreen Khan offer a look at the proposed plan’s inner workings.

Take-Aways

  • European Union leaders have crafted a deal to rebuild member states’ economies ravaged by the coronavirus.
  • The rules of disbursement represent compromises.
  • The deal’s debt repayment plan and ratification lie ahead.

About the Authors

Jim Brunsden, Sam Fleming and Mehreen Khan are journalists with The Financial Times.


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