German chancellor-designate Angela Merkel has said she is against the idea of an EU globalisation fund, in accordance with the view of outgoing chancellor Gerhard Schroder who will discuss the idea at his last EU leaders' summit today (27 October).
"I am sceptical. It is unclear who should administer such a fund, and according to which criteria the money should be distributed. How should you define, who is affected by globalisation? In principle, every structurally weak region could cla...
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