‘Frugal four’ propose ‘loans for loans’ approach to coronavirus recovery fund

Politico (EU) | May 23, 2020 at 9:35 AM
  • The EU’s so-called frugal four — Austria, Denmark, the Netherlands and Sweden — are pushing for a “loans for loans” approach for the bloc’s coronavirus recovery fund.
  • If the EU’s recovery fund is linked to the bloc’s long-term budget, as the current proposals suggest, it will need the approval of all EU countries.
  • Commission officials have indicated the proposed recovery plan would include a mix of loans and grants.