Posts tagged as cutting

EU leaders move towards cutting recovery fund

Monday, July 20, 2020

The European Council president has proposed reducing the grants for coronavirus-hit countries that are part of the economic recovery fund. The recovery plan submitted for the Council‘s summit is worth 750 billion euros, including 250 billion euros in loans and 500 billion euros in grants that the receiving countries would not have to repay. On Monday morning, European Council President Charles Michel told EU leaders that he would put forward…