Franco-German recovery fund proposal goes same way as EU executive's

BRUSSELS (Reuters) - A Franco-German proposal for a recovery fund that would issue grants to EU countries worst hit by the coronavirus pandemic goes in the same direction as the European Commission's proposal on such a fund to be unveiled next week, the Commission said.France and German made a joint proposal on Monday to create a 500 billion euro fund, financed through European Commission borrowing and repaid via the joint European budget.The recovery plan would be supported by commitments from..