Brussels’ plan for a new €30 billion spending fund will be a significant first step towards French President Emmanuel Macron’s ambitious plan for the European Investment Stabilisation Function (EISF), the Eurozone’s fiscal capacity development, but still falls short of Paris' goals for the European Monetary Union reform package.
The European Commission's vision appears to be less of a fund but will, instead, act as a lender to offer loans instead of grants. The interest rate on the loans will b...


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