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Start spending €750bn corona-fund, ECB tells EU
By EUobserver
The EU should start spending its €750bn pandemic recovery fund and may need to top it up later, a senior European Central Bank official has said. "It's possible the European support plan proves insufficient, but that debate is premature ... What matters now is that the European funds that have been approved are paid out as quickly as possible," bank board member Isabel Schnabel told the Les Echos newspaper.