EU victory: Why 'Frugal Four' will give into Commission pressure to rescue bloc economies

THE European Union will secure the economic support for their coronavirus rescue fund from more reluctant members because of a key aspect of the bloc.

Richer countries have expressed reluctance at being forced to contribute to a large rescue fund aimed at helping member states recover from the economic impact of the coronavirus. The so-called Frugal Four, namely Austria, the Netherlands, Sweden and Denmark, have vociferously opposed proposals to create a recovery fund to help European Union economies address the worst consequences of the pandemic. But former Finnish Prime Minister Alex Stubb insisted Scandinavia leaders are due to...
source: Express

2020-05-29 12:20
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