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Macron Merkel proposal :
- the EU budget issues 500bn 25yrs bonds (negative rates surely)
- gives them to States as transfer
- States pay them back yearly beyond actual MFF.

500bn/25 years=20bn to be paid back yearly.

This is how in 2017 Eu states contributed to EU budget…

if Italy and Spain are the most affected (and will receive a larger slice), which country will have to become a heavy net contributor in the reimbursement of the loans?

this is page 3 of the official document.
I highlighted some thoughtful sentences, esp. the reference to "sound economic policies and ambitious reform agenda"
Is there a conditionality therefore for these budget transfers?
Kurtz doesnt agree on budget transfers proposed by Macron-Merkel, but insists on loans.
His view is shared by denmark netherland sweden (the four frugal..)
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