The European Commission will propose to borrow €100bn against EU governments’ guarantees to finance a short-term work scheme to protect jobs impacted by the coronavirus epidemic.
The commission will propose on Thursday to increase cash advances to farmers under the EU’s Common Agricultural Policy and provide more time for applications for support and for claims to be processed.
Reports indicate that the commission will also propose to remove any national co-financing normally needed when countries get EU money to build infrastructure projects such as motorways, sewage plants or bridges, making the projects fully paid for by the bloc.
Read more via Irish Times/ Financial Times
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