Left Menu
Development News Edition

Germany says proposed recovery fund is not about joint borrowing

Reuters | Berlin | Updated: 20-05-2020 18:19 IST | Created: 20-05-2020 17:39 IST
Germany says proposed recovery fund is not about joint borrowing
Representative Image Image Credit: Wikipedia

A Franco-German proposal for a half-trillion euro fund to support European Union countries worst hit by the coronavirus pandemic is not about joint borrowing or joint bonds, a German government spokesman said on Wednesday.

The bloc's budget rules would still apply, Chancellor Angela Merkel's spokesman Steffen Seibert said at a regular news conference. "There is also a binding repayment plan."

"It is distinctly different from joint borrowing," Seibert said, adding the proposal does not mean there would be joint bonds in disguise.



Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...


Latest News

Sachin Tendulkar inaugurates plasma donation center at Seven Hills Hospital

Former India legendary batsman Sachin Tendulkar on Wednesday inaugurated a plasma donation center at Seven Hills Hospital in Mumbai for the treatment of COVID-19 patients. India has reported a spike of 22,752 COVID-19 cases in the last 24 h...

Skullcandy Debuts Fresh Expansions to Their Massively Popular True Wireless Families Four New True Wireless Earbuds Now Available

NEW DELHI, July 8, 2020 PRNewswire -- Skullcandy Inc., the original lifestyle audio brand, continues to address the True Wireless category with the launch of four feature-rich True Wireless earbuds - Push Ultra, Indy Evo, Indy Fuel and Ses...

Netflix sets premiere date for Hilary Swank's 'Away'

Netflixs space drama series Away, starring Oscar winner Hilary Swank, will debut on September 4, the streamer has announced. The 45-year-old actor plays Emma Green, an American astronaut who must leave her husband Matt Logan and teenage dau...

India's coronavirus caseload climbs to 7,42,417

With 22,752 fresh cases of COVID-19 in a day, Indias virus caseload increased to 7,42,417 on Wednesday, while the death toll climbed to 20,642 with 482 people succumbing to the disease, according to the Union Health Ministry ...

Give Feedback