Merkel

German Chancellor Angela Merkel and French President Emmanuel Macron shake hands after a news conference at the Chancellery in Berlin
German Chancellor Angela Merkel and French President Emmanuel Macron shake hands after a news conference at the Chancellery in BerlinX90145
REUTERS

Merkel and Macron

Arif Rüzgar & Andreas Thomsen
A breath of fresh air?Back in April, EU heads of state and government agreed a coronavirus rescue package worth over €500 billion for the countries hardest hit by the crisis. However, the support in this package only took the form of low-interest loans. Now, though, German Chancellor Angela Merkel and French President Emmanuel Macron have presented a plan for a further €500-billion recovery fund that would see aid issued to Member States as grants rather than as repayable loans. Moreover – and this is the most remarkable feature of their proposal – the plan would be ...
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