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'Moment of truth' as EU leaders seek Covid deal
Keywords: European Recovery Fund,
President Macron calls it "the moment of truth" for Europe. The European Recovery Fund includes $500 billion in nonrepayable money to be handed out to countries hit hardest by the pandemic as a show of solidarity and support for the European community. Only one lone holdout are the Dutch, who have not earlier and today show little solidarity with the European community.
It is supported by Merkel and the CDU, Macron, EU president Leyen, the head of the European Central Bank's Lagarde. This report in BBNC shows how the funds would be distributed-
Italy 81 billion euros
Spain 77 billion euros
France 39 billion euros
Poland 38 billion euros
Greece 32 billion euros
Germany 30 billion euros
Portugal 17 billion euros
France plans to put the 39 billion euros towards its own 100 billion euros recovery plan. 20 billion euros of this will go to insulating buildings and for bicycle lanes in cities in France.
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