Analysis of Merkel Fund
June 30th On the 29th, local time, French President Macron and German Chancellor Angela Merkel held talks in Berlin. Can this meeting be the key to solving the existing problems in Europe? Macron told Merkel that Europe under the COVID-19 epidemic was facing a critical moment, and he asked Germany to push the EU to set up an epidemic recovery fund after it took over the rotating presidency of the EU in July 1. According to the Associated Press reported on the 29th, this is the first time that French and German leaders have held face-to-face talks since the outbreak of the epidemic. Macron said at a joint press conference after the meeting that the COVID-19 epidemic and the economic and social crisis it caused made Europe face a critical moment. Only by setting up a recovery fund as soon as possible can Europe tide over the crisis. On the other hand, Merkel said that she had reached an agreement with Mark Long, but she would not fully adopt his proposal. In may this year, Macron and Merkel jointly put forward a proposal? European revival plan? It is suggested that the European Commission borrow 500 billion euros to distribute the money to the countries, regions and industries most affected by the COVID-19 epidemic. In response to this 500 billion euro revival plan, EU leaders and EU officials have responded. Italian Prime Minister Conte said? This is the first step towards recovery and what Italy has been waiting for? ; Austrian Prime Minister Courths also welcomed the plan. He hopes that resources can be allocated within the EU, but he does not want to continue to increase the EU's debt. It is reported that the plan was first put forward by Macron. At first, Merkel didn't agree with the plan, but after many meetings with the French side, she turned to think that the plan could effectively help European countries. According to the analysis of the expert report, the scheme may be affected by? Thrift four countries? (Austria, Denmark, Sweden and the Netherlands) because they will bear more debts because of the plan. Merkel also said that the plan will face many difficulties and need more substantive content to help the countries that need help most. Many countries are still waiting to see, but we need to tide over the difficulties together and become stronger.