Isabel Schnabel, a member of the executive board of the European Central Bank (ECB), said Tuesday night that the European Union (EU) recovery fund for covid of 750,000 million euros may be too small, as reported by Reuters.
Key Comments:
“It is possible that the European support plan is insufficient, but that debate is premature“.
“What matters now is that the European funds that have been approved are paid as quickly as possible. It is absolutely essential, any delay would be detrimental“.
“By September you can start disbursing the money, to be raised through joint loans from EU member states. “
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