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In order to fight the economy of life -saving line, the EU's double -headed carriage -Germany and France, in the middle of this month, jointly proposed the establishment of a "recovery fund" with a total amount of 750 billion euros in the middle of this month.It is hope that the country that can be severely damaged by the new crown pneumonia will regain economic motivation as soon as possible.However, this rescue plan not only shows the unity of the euro area in French President Macron, but also promotes the path of a single currency area on the financial alliance.
The impact of new crown pneumonia on the economies of various countries has not yet completely emerged. Ursulavonderleyen, chairman of the European Commission, said that the economic dilemma of the current EU is "no country can solve it alone."The recovery fund advocated by Germany and France is "emergency and special needs in emergency and special crisis."According to the concept of a double -headed carriage, this recovery fund with a total amount of 750 billion euros is composed of 500 billion yuan and 250 billion yuan. The funds raised from the capital market will be between 2028 to 205830 years of stalls.
Although the original intention of recovering the fund is to stimulate economic demand, from the perspective of financial repayment, the proposal of Germany and France also has the same similarities as the Finance Alliance.Because the essence of this rescue funds is "first money for the future", even if the European Union originally wanted to provide assistance to the country with the worst epidemic, such as Italy and Spain, it must be repaid by joint budgets by all countries.According to the European Commission's plan, the money that repay the recovery fund will be transferred from carbon emissions transaction tax, "Digitaltax", and non -recycling plastic taxes. Therefore, there is also the goal of creating a "green economy" behind it.
27 The leaders of the country become the focus
Even if the two countries are rare to take the boat on the same boat, the initiative must also have the consent of the leaders of the European council.Some fiscal pressures are naturally worried about the rich country.Although the funding plan for the recovery fund is Italy (81.8 billion euros), Spain (81.8 billion euros), France (39 billion euros), Poland (38 billion euros), and Greece (32 billion euros) in orderThe repayment ability is unknown, such as Greece's public debt accounts for 176.6%, and Italy is 134.8%, while France and Spain have 98%and 95.5%, respectively.Austria and Sweden, they come forward to question the recovery fund of "robbing the rich and helping the poor", which is reasonable.
However, Germany, known for its rigorous fiscal discipline, is willing to let go of the established principles, and there are considerations of economic integration behind it.Even though people are commonly said that the EU's internal "Northern Qiang Southern Weakness" and "Western Qiang East Weak" have been established, but the establishment of the euro zone has been established for 20 years.The lips were cold, but they also launched the whole body.According to the statistics of the World Bank in 2018, of the 10 exports of Germany and France, the two also have six EU member states, accounting for about 32%and 28%of the total export value of the country.In other words, if a lot of "poor relatives" fall after the epidemic, buy a lot of reduction, and no longer unable to consume export goods and services of Germany and France, the economic depression will eventually reflect to Berlin and Paris.
Although the details of the recovery fund have not been finalized, and there are many controversy, the frugal country wants to increase the ratio of loans, while the southern countries hope to increase the ratio of funding, but like the Professor of New York University, J.H.H.Weiler) said that the negotiations of the EU 27 countries are likely to be "a typical compromise in Europe", that is, the result of "no one is happy and unattended".However, from Europeanism, because of the current economic impact, the establishment of a recovery fund is not only the "inevitable" described by the former President of Lithuania (DaliaGrybauskait?Process of Hua.
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