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16th Apr 2024

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German central banker questions EU recovery package

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Bundesbank president Jens Weidmann has questioned the landmark agreement on the EU's €750bn recovery package reached by EU leaders last week - calling for control mechanisms that can ensure funds "are used sensibly and efficiently," DW reported. "I consider joint debt for wide-ranging transfers to be fundamentally dubious," Weidmann said in an interview published Sunday. Weidmann also said the EU still needs to show its ability to respond in crisis.

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