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The Commission’s recovery plan for Europe – bold and challenging
Barbara BoettcherKevin KoernerMark Wall
Commission President von der Leyen presented the long anticipated Commission proposal for a EUR 750 bn European Recovery Instrument together with an upsized EU budget for the next seven years.
Commission President von der Leyen presented the long anticipated Commission proposal for a EUR 750 bn European Recovery Instrument together with an upsized EU budget for the next seven years. The plan goes beyond the Franco-German proposal that surprised markets last week. It can be expected to cause heated debates in the European Council and meet fierce resistance from frugal EU members. [more]
During the corona summer, Germans will probably travel less and for shorter periods of time than in former years. Destinations in Germany and in the neighbouring countries, which are only a car journey away, look set to benefit. [more]
German households saved surprisingly little money during Q1; their bank deposits were only up by EUR 5.8 bn. In the lockdown month of March, deposits even declined by EUR 11.1 bn, as households withdrew a lot of cash due to the uncertain situation. [more]
It’s quite grotesque indeed: while Germany is admired by other countries for its handling of the corona crisis, we are once again – in typical German style – chewing over everything real or imagined that doesn’t work or didn’t work even before the crisis. [more]