Netherlands presses counter-proposal to ‘generous’ EU spending

The Netherlands is spearheading a counterplan to the 500 billion euro recovery proposal laid out by German Chancellor Angela Merkel and French President Emmanuel Macron on Monday. In a newly-drawn proposal on Saturday, the Dutch have asserted that loans, rather than grants and subsidies, should be available to the eurozone economies bearing the brunt of the unfolding economic crisis.Submitted by Byron Mühlberg on May 23, 2020 – 14:50

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Author: NLtimes.nl

NL Times is an online platform that offers English-language news and information about happenings in the Netherlands. Amsterdam, Noord-Holland, The Netherlands