Home > EU > EU moving towards fiscal union with pandemic recovery plan

EU moving towards fiscal union with pandemic recovery plan

Written by Business World, on 12th Oct 2020. Posted in EU

article headline

The European Union is taking a step towards a fiscal union with its plans to recover from the coronavirus pandemic, which involve the European Commission borrowing in financial markets, German Finance Minister Olaf Scholz said on Monday.

"We are moving towards fiscal union, a major step forward in the financial capacity and sovereignty of the EU," Scholz told an interparliamentary conference on stability, economic coordination and governance in the European Union. (Reuters)

Source: www.businessworld.ie

More articles from EU

image Description

New programme to accelerate Irish export growth to the Eurozone

Read more
image Description

EU tells Britain to make up its mind as Brexit deal 'within reach'

Read more
image Description

EU makes bond market history with record €233bn demand for SURE issue

Read more
image Description

European stocks edge lower as virus worries dampen earnings boost

Read more
image Description

Lagarde says ECB to maintain accommodative policy in response to coronavirus crisis

Read more