The European Union (EU) has reached a historic agreement on a €750 billion ($858 billion) recovery fund to help its member countries recover from the economic impact of the ongoing COVID-19 pandemic. The agreement, reached after four days of intense negotiations, will see the EU raise funds on capital markets, with €390 billion in grants and €360 billion in low-interest loans to be distributed among the hardest-hit member states. The funds will be used to support the economic recovery and invest in future growth through measures such as digitalization and green initiatives. The agreement is seen as a significant step towards greater fiscal integration within the EU and a demonstration of solidarity among its member countries.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
