After the Eurogroup videoconference of 15 May 2020, the main parameters of the EIB’s (European Investment Bank) were defined in order to reach an agreement to create a guarantee fund for businesses.
The Eurogroup have already agreed on some key features of the recovery Pan-European Guarantee:
- It must be temporary, targeted, and commensurate with the extraordinary costs of this crisis
- It must help spread costs over time and ensure solidarity with the most affected member states
The Eurogroup complemented these agreed lines with a strategic discussion on the features, design, size and priorities for the recovery.
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