European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Additional takeaways “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.” “Respect for the rule of law is essential precondition” to accessing funds from EU’s new 750 billion euros worth of COVID recovery fund” “European Commission will assess any breaches of the rule of law.” “Possible punishments to include suspension of EU payments.” “European Council of 27 member states to decide on any punishment for rule of law breaches acting on the proposal by the European Commission.” “Should EU member state under punishment considers it unjust, it can ask for a discussion of EU leader’s summit.” Market reaction The EUR/USD pair showed no immediate reaction to this report and was last seen gaining 0.26% on a daily basis at 1.1660. 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 US Elections: A decisive Democratic victory to hit the USD – Nordea FX Street 2 years European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Additional takeaways "Rule of law is essential, important to protect the EU's financial interests, impartial courts." "Respect for the rule of law is essential precondition" to accessing funds from EU's new 750 billion euros worth of COVID recovery fund" "European Commission will assess any breaches of the rule of law." "Possible punishments to include suspension of EU payments." "European Council of 27 member states to decide on any punishment… 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.
