ECB's de Cos: EU recovery fund needs to be approved as soon as possible

In a webinar hosted by Spanish business school ESADE on Wednesday, the European Central Bank (ECB) Governing Council Member Pablo Hernandez de Cos emphasized on the need to approve a European recovery fund as soon as possible to enable faster economic recovery from the coronavirus impact.

De Cos noted: “What is important is to get this plan approved as soon as possible and that its size is appropriate for the task that lies ahead.”

On Tuesday, a spokesperson for the European Union's (EU) Brussel's headquarters, Barend Leyts, announced that EU leaders will hold the next meeting on the EU recovery plan and long-term budget on July 17th and 18th.

more to come ...