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Going through the multi-annual financial framework (the regular EU budget) that is to be expanded for the reconstruction fund, there would be no pooled liability unlike with corona bonds. Each country would only be liable for their share of the EU budget / contribution. That's the difference that opened the door. For months of intense EU haggling. Total volume? Grants or loans? Oversight? Size of the regular structural funds for the Eastern Europeans vs their democracy problems? It's the summer of love.

Schengen is toast!
by epochepoque on Wed May 20th, 2020 at 10:52:12 AM EST
It's the summer of love.

... Now watch some b**d come along and f*k it up. (to quote an old T-shirt)

At this point, it's a long shot... It would need a majority in EU parliament (easy), and no veto in the EU Council (we can dream).

Though perhaps Germany's minions (Netherlands, Finland, Austria etc) will be paralysed, now that Despicable Me has turned nice?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed May 20th, 2020 at 02:31:03 PM EST
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