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Four countries complete their counter-proposal to France and Germany on the economic reconstruction of the EU

May 23, 2020

Austria, Sweden, Denmark and the Netherlands are already finalizing an alternative proposal to France and Germany’s plan to rebuild the European Union’s economy, which includes a single emergency fund in response to the coronavirus epidemic crisis.

According to the Austrian Federal Chancellery, it is particularly important that the states limit this aid to the next two years after a counter-proposal that has been announced several times in the past few weeks.

The four countries also make it clear that they will not agree on debt reciprocity or an increase in the budget of the European Union, as is clear from the draft to which the DPA had access this Saturday.

Four countries complete their counter-proposal to France and Germany on the economic reconstruction of the EU
Four countries complete their counter-proposal to France and Germany on the economic reconstruction of the EU

This proposal is in line with the plans of French President Emmanuel Macron and German Chancellor Angela Merkel of EUR 500 million.