Germany urges quick implementation of EU recovery funds as infections rise

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Rising coronavirus infections across Europe are underlining the need to implement the agreed 750 billion euros of EU recovery funds quickly, German Finance Minister Olaf Scholz said on Tuesday ahead of talks with fellow finance ministers of the bloc.

FILE PHOTO: German Finance Minister Olaf Scholz wearing a protective mask gestures during a session of the German lower house of parliament Bundestag, in Berlin, Germany, September 29, 2020. REUTERS/Hannibal Hanschke

“The sharp rise in infections also underlines the need to implement Europe’s ambitious recovery programme timely and to set the right course for Europe’s future,” added Scholz, whose country currently holds the presidency of the 27-member bloc. “It is key for the recovery that member states can use the funds when the crisis is still ongoing,” Scholz said.

 

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