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EUR750 billion EU Covid-19 recovery plan aims to smooth market distortions, push climate goals (*update)

By Michael Acton and Giulia Bedini
  • 27 May 2020 07:17
  • 27 May 2020 10:26
A 750 billion-euro recovery plan for the EU's pandemic-hit economy was announced by the European Commission today aimed at addressing competitive imbalances caused by national governments differing spending power and boosting the bloc’s green and digital objectives (see here).
The commission, which wants to start borrowing on behalf of member states,

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Michael Acton

Senior Correspondent

Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.

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