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EU Is Taking Steps Towards Fiscal Union As Part Of Its Recovery Plans
The European Union (EU) is taking steps towards fiscal union as part of its recovery plans from the new coronavirus pandemic, which include borrowing money from financial markets.
Yazar: Tom Roberts
Yayınlanma: 12 Ekim 2020 20:31
Güncellenme: 7 Mayıs 2024 00:28
EU Is Taking Steps Towards Fiscal Union As Part Of Its Recovery Plans
The European Union (EU) is taking steps towards fiscal union as part of its recovery plans from the new coronavirus pandemic, which include borrowing money from financial markets. German Finance Minister Olaf Scholz announced it on Monday. "We are moving towards fiscal union, which is a significant step forward in terms of the EU's financial capacity and sovereignty," Scholz told an EU interparliamentary conference on stability, economic coordination and governance. Following the outbreak of a pandemic this spring, the EU announced the creation of a € 750 billion recovery fund to support the bloc's economic recovery. "Markets have confidence in European politics and in the development of European economies," said Scholz, whose country currently holds the presidency of the 27-nation Union. "We should continue with this course," he added.İLGİLİ HABERLER
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