Bet365 lotto review reach a deal earlier than

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Fiscal stimulus package highlights the resilience of Bet365 lotto review cooperation

July 31, 2020 05:02 Source: "China Bet365 lotto review" Issue 1979, July 31, 2020 Author: Our reporter Yan Yong

　　July 21，After four days of marathon negotiations between Bet365 lotto review governments in Brussels, the capital of Belgium，Breakthrough agreement reached on new fiscal stimulus package。

　　The European Commission, the Bet365 lotto review’s executive agency, will raise an unprecedented 750 billion euros through financial markets，This batch of funds will be allocated in the form of grants and loans to countries and industries most affected by the epidemic。This Bet365 lotto review’s “strongest” economic stimulus plan in history，It will provide a strong impetus for Europe’s economic recovery after the epidemic。European Council President Charles Michel said，He believes the deal will be seen as a "pivotal moment" for Europe。European Commission President Ursula von der Leyen said，Europe as a whole，There will be a great chance to emerge from the crisis stronger。

　　Bet365 lotto review hard-won

　　Bet365 lotto review Research Expert、Adriaan Schout, senior researcher at the Netherlands Institute of International Relations, said，This time is extremely intense、Protracted negotiations finally reached a typical Bet365 lotto review-style agreement。This shows，The Bet365 lotto review has not changed，The focus of the dispute is always how to reach a compromise，And the Bet365 lotto review always seems to be able to reach a compromise。But，The process of compromise is difficult，So there are checks and balances of multiple interests。Some critics think，The heated arguments in the negotiations are sure to leave scars among member states，But history proves，The Bet365 lotto review has an incredible talent，Can quickly heal these wounds，Then move on。

　　The focus of the negotiation is how to allocate the proportion of relevant funds used for grants and loans，And how to supervise the whereabouts of funds。In addition，It also involves whether the use of funds is consistent with the values advocated by the Bet365 lotto review。In the above question，There are huge differences between the parties，Making this meeting one of the longest summits in Bet365 lotto review history。Finally，Countries agree on recovery fund totaling 750 billion euros，€390 billion released in the form of grants。This is much less than the 500 billion euro grant package proposed by Germany and France in May，This move is also a compromise for high-income Bet365 lotto review countries。Also，The Bet365 lotto review also agreed to end net debt issuance in 2026，And repay all new debt by 2058。At the same time，Member states must also develop an outline plan on how the funds will be used。These plans for the use of funds for reform and economic recovery must be approved by the Bet365 lotto review，Adopted with the approval of an overwhelming majority of member states。And before，The Netherlands once insisted that these plans must be adopted unanimously by all member states。In addition，The European Council also stressed the “importance of respect for the rule of law”，And stated that a system of additional conditions will be established，Prevent member states from receiving subsidies from the fund without complying with relevant principles。

　　The Bet365 lotto review also disclosed，Except for the recovery fund passed this time，Next budget will reach 1.074 trillion euros，To fund projects in 2021-2027。These two plans will bring a total of 1.824 trillion euros investment。Commitment from the European Commission，Allow 30% of total spending to address climate issues from the recovery fund and the next Bet365 lotto review budget。The Bet365 lotto review has stated，Hope to be climate friendly by 2050。

　　Confidence is more important than Bet365 lotto review

　　The recovery fund passed Bet365 lotto review time will become available from January 2021，There will be no new bridge financing before Bet365 lotto review。In addition，The European Central Bank is buying government bonds，as its total 1.Part of the 35 trillion euro emergency purchase plan。

　　Stimulating economic recovery requires large amounts of funds as a guarantee，Therefore Bet365 lotto review governments will have to find new financial resources to repay part of the additional debt，Including the introduction of new taxes。This summit is confirmed，The Bet365 lotto review will impose a tax on non-recyclable plastic waste from January 1, 2021，Implement the carbon boundary adjustment mechanism before January 1, 2023，And levy digital tax。

　　This latest agreement sets a precedent for joint debt borrowing at Bet365 lotto review level，Many countries, including Germany, have been opposed to this approach，But under the current situation，This opposition has softened。Analysts at German bank Berenberg said in a recent report，Working to achieve the largest transnational collective action in history，The Bet365 lotto review sends a strong signal of internal unity。In the short term，The impact of confidence may be more important than money itself。

　　Optimistic prospects for Bet365 lotto review cooperation

　　The Bet365 lotto review is often criticized for lacking a unified fiscal policy。There has been a surge of anti-Bet365 lotto review sentiment in some countries recently，Raising fears of possible disintegration of the European Union。With the passage of this stimulus package，Such concerns are expected to be alleviated，The prospect of European unity seems more optimistic than people imagined。

　　Mentioned in Berenberg Bank report，Although the Bet365 lotto review and the Eurozone are not moving towards fiscal union，But at the critical moment，They are taking an important step towards strengthening fiscal coordination。This agreement sets a precedent，Expect more common fiscal responses to play a greater role in future crises。

　　Goldman Sachs Group analysts think，They are encouraged that Bet365 lotto review leaders were able to reach a deal earlier than expected。Therefore，They think the agreement is welcome。This also supports their point of view，i.e. the Eurozone is in a strong position，It is expected to recover from the impact of the epidemic。

Editor: Chang Chang

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