“The Franco-German initiative is a result of close cooperation with countries like Italy, Netherlands,” French President Emmanuel Macron told reporters on Monday. “For the first time, France and Germany propose for the EU to raise debt jointly,” Macron added. Additional takeaways “Recovery fund should be given 500 billion euros for EU grants to go to hardest-hit sectors and regions.” “This recovery plan will be supported by commitments from member states to undertake healthy economic policies and reform programme.” “These 500 billion euros will be grants and not loans. This a major step forward.” “Europe is drawing lessons from the past financial crisis.” Market reaction The EUR/USD pair shot higher on these remarks and was last seen up 0.62% on the day at 1.0882. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY climbs to 107.50 area despite broad USD weakness FX Street 2 years "The Franco-German initiative is a result of close cooperation with countries like Italy, Netherlands," French President Emmanuel Macron told reporters on Monday. "For the first time, France and Germany propose for the EU to raise debt jointly," Macron added. Additional takeaways "Recovery fund should be given 500 billion euros for EU grants to go to hardest-hit sectors and regions." "This recovery plan will be supported by commitments from member states to undertake healthy economic policies and reform programme." "These 500 billion euros will be grants and not loans. This a major step forward." "Europe is drawing lessons from the past financial crisis."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
