(ANSA) - BRUSSELS, JULY 18 - Recovery fund cut into subsidies (from 500 to 450), higher 'rebates', modified distribution key (60% of the funds distributed on the basis of Pil and unemployment of the last 5 years, and 40% in based on the growth of the last year only), emergency brake on governance, with the possibility for countries to block the reimbursement of funds and request the intervention of the Council. This, as we learn, is the new compromise proposal which the President of the European Council Charles Michel should present to the leaders. (HANDLE).
EU summit, Michel's new proposal, cuts in subsidies
2020-07-18T11:15:19.592Z
Recovery fund cut in the subsidies part (from 500 to 450), higher 'rebates', modified distribution key (60% of the funds distributed based on GDP and unemployment in the last 5 years, and 40% based on the decline in growth only of the last year), fr ... (ANSA)