Wednesday

12th Aug 2020

Ticker

EU commission plans extra EU funds for worst hit countries

The EU commission plans to channel more EU money from the bloc's cohesion funds to countries worst hit by the coronavirus, Reuters reports. The commission is drawing up a revised seven-year budget by the end of the month. According to Reuters, these additional funds for worst hit countries, would not come from funding originally destined for other countries, but from extra funding for the overall cohesion funds.

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