France sees EU recovery fund in July: official | News

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PARIS (Reuters) - la France souhaite parvenir à un accord avec les 26 autres membres de l'Union Européenne sur un projet de 750 milliards d'euros de reprise de fonds en juillet, un conseiller présidentiel a déclaré mercredi à l'avance d'une vidéo-conférence entre les dirigeants de l'UE vendredi.

The EU has proposed a € 750 billion aid to help the country cope with the fallout from the sars coronavirus crisis, echoing a Franco-German front presented previously, but some frugal northern european nations led by Austria and the netherlands have been deeply skeptical.

“It is not of an interest to see the situation get bogged down,” the adviser said, adding that ” giant step “, had been made over the past few weeks, including securing the support of all EU countries to a common debt fund mechanism the packaging.

“Everyone agrees that we need a significant and urgent recovery and a plan of the debt mechanism, which is no small feat,” the adviser said.

However, he said that differences remained on the question of the allocation of funds in the form of donations to the hardest-hit countries, such as Italy, or by the intermediary of loans, as supported by the so-called “Thrifty Four” group of countries.

“I think that there are nuances between the so-called Frugals group,” he says, to see “margins of maneuver” in the negotiations.

“We would all have a price to pay if Europe is stuck in a rut again,” he added, underlining the fact that the recovery of the funds has already been widely felt by the financial markets and supported by public opinion across Europe.

Pending an agreement on the budget and the recovery of the funds until September is not ideal, the official said, because of other crises of the stacking, including brexit talks and a new surge of the migrant crisis.

(Reporting by Michel Rose; Editing by Benoit Van Overstraeten, Kirsten Donovan)

    

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