Tuesday, May 19, 2020

Franco-German COVID19 recovery fund meets opposition from northern EU countries

Austria, Denmark and The Netherlands have pushed back against a Franco-German plan for a recovery fund worth worth €500 billion ($543.7 billion), during a teleconference of finance ministers on Tuesday. 

The fund was announced during a joint press conference delivered by German and French leaders Angela Merkel and Emmanuel Macron on Monday. 

Lucy Hough is our Europe Correspondent.

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