frugal four proposal

Brussels Summit

EU Leaders One Step Closer To Agreeing On Recovery Fund

Monex Europe | The euro found support in anonymous reports this morning that the frugal four countries are now satisfied with €390bn of the fund coming in the form of grants. The initial proposal included a total of €500bn to be allocated in grants, but the leaders failed to find a compromise on the overall size over the weekend. The talks will resume at 4pm CEST today.