Politics

Brussels’ position probably between Merkel-Macron and “Frugal Four”

The money from the EU reconstruction fund should be in the form of non-repayable Grants, Credits and guarantees flow. This should be the EU commission propose on Wednesday, informed EU circles told the APA. Thus, the Brussels authority between the German-French position and that of the “Economical Four “move.

While the German chancellor Angela Merkel and the French president Emmanuel Macron a fund worth 500 billion euros Grants have proposed, the net contributors said Austria, Netherlands, Denmark and Sweden in their proposal for temporary loans announced on Saturday.

Four “frugals”

The EU commission hope that their proposal “will also be acceptable to the four frugals”, it was said from the circles with regard to the English adjective that the four member states chose to describe themselves.

No confirmation was in Brussels for media reports, after which the net payers behind the scenes with the EU commission negotiate possible contribution discounts. EU Council President Charles Michel had a discount in one of the last papers at the budget summit in February for Austria suggested. However, he could not prevent the summit from failing.

Reallocations

The EU commission wants to present on Wednesday, in addition to the proposal for the reconstruction fund, a budget proposal for the years 2021 to 2027 that has been adapted to the corona crisis. In this too, there are reports that there have been shifts in order to specifically support the reconstruction after the corona crisis, especially hard-hit economic sectors. After a dispute over joint corona bonds, the EU heads of state and government have agreed that the planned reconstruction fund should be fed by loans from the EU commission be included. To enable this borrowing, the EU budget ceiling is to be raised for a limited period from currently 1.2 to two percent of the European economy.

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