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World Corona reconstruction plan by Merkel and Macron: Four states submit counter-proposal

13:45  23 may  2020
13:45  23 may  2020 Source:   sueddeutsche.de

Merkel excludes tax increases due to Corona pandemic "Status today"

 Merkel excludes tax increases due to Corona pandemic © John MACDOUGALL Chancellor Angela Merkel (CDU) has currently ruled out tax increases to finance the corona follow-up costs. Chancellor Angela Merkel (CDU) has currently ruled out tax increases to finance the corona follow-up costs. When she appeared in the Bundestag's Question Time on Wednesday, however, she did not want to commit herself to the future: "As of today, there are no plans to increase taxes and duties," Merkel replied to a question from AfD party leader Tino Chrupalla.

Chancellor Angela Merkel and President Emmanuel Macron have tabled a joint plan that includes, among other items, a shared 500 billion-euro (3 billion) The Franco-German proposal would see the Commission raising the money on the financial markets and then distributing it in the form of grants.

In Merkel ’s and Macron ’s plan , each member of the bloc will contribute depending on its share of the EU With their new proposal , Germany and France appear to have crossed the Rubicon on sharing the The onus will ultimately be on the weaker member states such as Italy and Spain, and on how

Einer der © dpa One of the

Austria,

Sweden, Denmark and the Netherlands want to help crisis-hit countries with loans instead of grants. The EU budget should not be increased.

Four states submit counter-proposal

Austria, Sweden, Denmark and the Netherlands have submitted a counter-proposal to the Franco-German proposal for a corona reconstruction plan. The countries that call themselves "The Economical Four" are in favor of a one-off emergency fund to strengthen the EU economy.

It is particularly important for the states to limit this emergency aid to two years, the Austrian Chancellery said on Saturday. In the counter-proposal, which has already been announced several times, the four states also make it clear that they will not agree to a communitization of debts and an increase in the EU budget.

Germany: a gravestone in front of the permanence of Angela Merkel

 Germany: a gravestone in front of the permanence of Angela Merkel Around the reproduction of a tombstone, discovered in front of the permanence of deputy of German Chancellor Angela Merkel in Stralsund, in the northeast of Germany, the authors had deposited red roses and candles. © STEFAN SAUER / dpa-Zentralbild / dpa Picture-Alliance Protesters against the restrictions imposed in Germany because of the new coronavirus have deposited an imitation of a tombstone in front of the electoral office of Angela Merkel , have we learned Saturday from the police.

In Merkel ’s and Macron ’s plan , each member of the bloc will contribute depending on its share of the EU With their new proposal , Germany and France appear to have crossed the Rubicon on sharing the The onus will ultimately be on the weaker member states such as Italy and Spain, and on how

Macron and Merkel stressed that the 27 member states will have to agree to the proposal and that much remains to be worked out, including how the "This goes in the direction of the proposal the Commission is working on which will also take into account the views of all Member States and the

Chancellor Angela Merkel (CDU) and French President Emmanuel Macron recently submitted a € 500 billion concept for a recovery plan after the coronavirus pandemic. The money should therefore be taken up by the EU Commission as loans on the capital market and distributed as grants over the EU budget. Crisis states like Italy or Spain, but also affected sectors could receive grants. However, all 27 EU countries would have to agree on this.

The states speak of the principle of "loans for loans"

Austria's Chancellor Sebastian Kurz has sharply criticized this concept in numerous interviews and appearances over the past few days. "We clearly say yes to Corona emergency aid, but what we reject is a debt union through the back door," he said in a guest post on Friday at the virtual CSU party conference.

Macron-Merkel: the resurrection

 Macron-Merkel: the resurrection © Kay Nietfeld Angela Merkel, Monday May 18, during the press conference by videoconference with Emmanuel Macron. The proposal to raise the loan intended for regions in difficulty to 500 billion euros marks the return of the Franco-German couple to the fore. Day of mourning for anti-Europeans. The Covid crisis, they thought, coupled with economic disaster, would rid them of this disastrous community utopia, which would demonstrate its historic inanity.

The declaration that Merkel adopted together with Macron looks like an attempt to mitigate the mounting pressure she faces at home and appease both her coalition partners and the voters without changing her attitude on refugee policy in general, which she still refuses to back down on.

The plan should be available within the next few days, Kurz added. Merkel and Macron roll out € German Chancellor Angela Merkel and French President Emmanuel Macron announced their joint The Frugal Four ’s main problem with the Franco-German proposal is the decision to award grants

According to the counter-proposal, the EU Commission should raise the money for the emergency fund on the financial markets and pass it on to the member states as cheap loans. The states speak of the "credit for credit" principle. The money had to be used for the reconstruction and future resilience of the health sector and the economy. The four countries did not specify a maximum scope for the emergency aid fund.

The Dutch Prime Minister Mark Rutte had confirmed in the past few days that his country would only agree to aid if it was linked to reforms. When countries expect support, "one can at least ask what they will do to save themselves next time," he said.

For our comprehensive corona reporting, download the Microsoft News app on Windows 10 , iOS or Android .

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