The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the EU’s coronavirus recovery fund, where EU leaders agreed to a historic slush fund for the bloc, doling out €750 billion in grants and loans.
The EU has taken to itself the legislative and executive powers found in a national government, as well as spending powers.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the EU deadlock over the globalist slush fund dubbed the “recovery fund”, where trillions of euros will be taken from EU citizens, and doled out to hand picked European oligarchs as mutualized debt.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the €500 billion European Recovery fund cooked up by Angela Merkel and Emmanuel Macron.
The fund proposes the EU borrows on the financial markets in order to disperse 500 billion euros through grants to EU economies hit by the Covid-19 pandemic. EU member states receiving the funds would theoretically not need to repay the cash, instead liability for the debt would be added to the EU budget, which would eventually be paid for by EU citizens in the form of additional taxation.
