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In 60 Seconds

Short, concise, and to the point, In 60 Seconds covers world news, US politics, the view from Europe, and more.

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What are the details of the European recovery fund proposed by Germany and France?

What are the details of their French and German, European recovery plan?

Well, skip the details for the time being, the real proposal has got to come from the Commission on the 27th. But it's going to be a mix of normal budget funding and then it's got to be the European Commission allowed to take up a loan, and then to distribute part of that money to the different affected countries according to certain criteria. Lots of details yet to be worked out. But the essence has got to be roughly that, I suspect.

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