What are the details of their French and German, European recovery plan?
Well, skip the details for the time being, the real proposal has got to come from the Commission on the 27th. But it’s going to be a mix of normal budget funding and then it’s got to be the European Commission allowed to take up a loan, and then to distribute part of that money to the different affected countries according to certain criteria. Lots of details yet to be worked out. But the essence has got to be roughly that, I suspect.
What’s the consequence of what’s happening in France with Macron’s party now losing the parliamentary majority?
Well, I suspect not too much. France is very much the precedent for the republic. And as long as he stays roughly the course that is due now, I don’t think you will see any sort of major significance that affects the broad outlines of French policy.
Subscribe to GZERO on YouTube: http://bit.ly/2TxCVnY
For more GZERO news and videos: https://www.gzeromedia.com/
Subscribe to the GZERO podcast: https://podcasts.apple.com/us/podcast/gzero-world-with-ian-bremmer/id1294461271
Like GZERO on Facebook: https://www.facebook.com/gzeromedia/
Follow GZERO on Twitter: https://twitter.com/gzeromedia
Follow GZERO on LinkedIn: https://www.linkedin.com/company/18385722/
GZERO Media is a multimedia publisher providing news, insights and commentary on the events shaping our world. Our properties include GZERO World with Ian Bremmer, our newsletter Signal, Puppet Regime, the GZERO World Podcast, In 60 Seconds and GZEROMedia.com
#In60Seconds #Europe #Coronavirus #Recovery #Governing