The €500 billion Franco-German recovery fund proposal is not about joint borrowing or euro bonds, German Chancellor Angela Merkel’s spokesman Steffen Seibert clarified at a news conference on Wednesday. “There is also a binding repayment plan,” the spokesman added, as reported by Reuters. “It is distinctly different from joint borrowing.” Market reaction The EUR/USD pair edged slightly lower after these comments but continue to trade in the positive territory. As of writing, the pair was up 0.32% on the day at 1.0955. 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/CAD hangs near multi-week lows post-Canadian CPI, FOMC minutes in focus FX Street 2 years The €500 billion Franco-German recovery fund proposal is not about joint borrowing or euro bonds, German Chancellor Angela Merkel's spokesman Steffen Seibert clarified at a news conference on Wednesday. "There is also a binding repayment plan," the spokesman added, as reported by Reuters. "It is distinctly different from joint borrowing." Market reaction The EUR/USD pair edged slightly lower after these comments but continue to trade in the positive territory. As of writing, the pair was up 0.32% on the day at 1.0955. 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.
