FRANKFURT – Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as an overdue sign of unity in the face of the worst downturn the bloc has ever seen and as a potential advance toward deeper integration among its 27 members.
German Chancellor Angela Merkel broke with her country’s longstanding opposition to raising money together with other - often poorer - EU countries.
But the proposal made with French President Emmanuel Macron is limited in scale and duration, which could help her sell it to skeptics back home.
It consists of 500 billion euros ($550 billion) in loans and grants to help countries through the recession, and is viewed by some as a step toward stronger EU ties as the
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