International Economics: IB Economics
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International Economics: IB Economics
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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EU coronavirus recovery deal: Wrangling over huge plan enters fourth day

EU coronavirus recovery deal: Wrangling over huge plan enters fourth day | International Economics: IB Economics | Scoop.it
EU leaders are still struggling to reach a deal on a recovery fund, with deep differences remaining.
Graham Watson's insight:

The EU is struggling to conclude a coronavirus 'rescue package' which has pitched those nations that have suffered the most - such as Italy and Spain - and fiscal conservatives - such as the Netherlands. 

 

The biggest sticking point seems to be that there's disagreement over whether or not the package should be repayable loans or grants. It will be an important issue for the entire Union, with disagreement, likely to significantly weaken the Union.

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EU members clash over pandemic economic rescue package | Business | The Guardian

EU members clash over pandemic economic rescue package | Business | The Guardian | International Economics: IB Economics | Scoop.it
France and Netherlands at odds on finance ministers’ €500bn compromise
Graham Watson's insight:

The Guardian details the extent to which EU member states have clashed over the response to the coronavirus pandemic, highlighting the extent to which the Dutch and the French disagreed over the extent of the rescue package.

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