EU Commission to propose mix of grants and loans for recovery next week
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BRUSSELS (Reuters) - The European Commission will not copy and paste a Franco-German proposal when it presents its own recovery fund idea next week and will include a mix of grants and loans, rather than just grants as suggested by Paris and Berlin, its spokesman said.France and Germany proposed on Monday a 500 billion euro ($543 billion) Recovery Fund that would offer grants to European Union regions and sectors hit hardest by the coronavirus pandemic, to help them without driving up their debt..