The 27 core member states of the EU failed to reach an agreement to save the economy, Spain becomes the last country to reopen the border

In Daily Market Review, English
22 6 月, 2020

The 27 core member states of the EU failed to reach an agreement to save the economy
After the two-day video conference last Thursday and Friday, the 27 core member states of the EU failed to reach an agreement on a 750 billion economic rescue plan. It is understood that they will continue to discuss the relevant proposals in mid-July. At the next meeting, they plan to negotiate face-to-face and expect to implement the agreement by the end of July. The four countries currently opposed to the agreement are still the Netherlands, Denmark, Sweden and Austria. They mainly believe that the amount of the economic rescue plan is too large, and it should not be given to the member countries that are more seriously affected by the epidemic. Instead, they should only be lent to them. In addition, they are also worried that the above foundation will become a permanent debt union. Let us continue to pay attention to what happened when the EU reopened the meeting in July to determine the backward direction of the euro.

Spain becomes the last country to reopen the border
Spain has reopened its borders on Sunday and is the last country in the entire Schengen area in Europe to reopen its borders. However, like other countries in the Schengen area, it is currently limited to inbound passengers in Europe. It also means that if British passengers intend to enter Spain, they will no longer use quarantine for 14 days. However, when these British travellers returned to the UK, they would have to be quarantined by the UK for 14 days. Spain was one of the most severe countries in Europe. Now Spain is also unblocked, which is expected to be of great help to restart the entire European economy

 


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