Factbox: France, Germany propose 500 billion euros in grants for post-COVID recovery
Share:
BRUSSELS (Reuters) - France and Germany have proposed a half-a-trillion euro (447 billion pounds) fund to make grants to European Union regions and sectors worst hit by coronavirus, to help them recover without taking on a mountain of new debt.The deal does not mean that the proposal will be fully accepted by the EU, but its main elements will likely get through.Below are the main points of the idea that the European Commission is likely to draw on heavily when it proposes its own Recovery Fund..