EU 'frugals' formally oppose Merkel-Macron plan for coronavirus grants
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VIENNA (Reuters) - EU member states Austria, Sweden, Denmark and the Netherlands stated their opposition on Saturday to a French-German plan for a 500 billion euro (447.8 billion pounds) coronavirus recovery fund that would issue grants, calling for a loans-based approach instead.French President Emmanuel Macron and German Chancellor Angela Merkel made the surprise proposal on Monday to set up a fund that would offer grants to European Union regions and sectors hit hardest by the pandemic.The..