To help repair the economic and social damage brought by the coronavirus pandemic, kick-start European recovery, and protect and create jobs, the European Commission presented on 27 May 2020 a major recovery plan for Europe based on harnessing the full potential of the EU budget. This proposal includes a new recovery instrument, Next Generation EU, within a revamped long-term EU budget. In this context, the Commission is proposing to reinforce the funds available to support farmers and rural areas as well as the fisheries sector in recovering and delivering the European Green Deal and in particular the new Farm to Fork and Biodiversity strategies. (...)
A turning point for the dollar is coming
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The short- and long-term prospects of the currency are at odds
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