EU Clears Last Hurdle for $900 Billion Joint Borrowing and Spending Spree
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The Austrian and Polish parliaments were on Thursday the last of the European Union’s national legislatures to ratify the €750 billion ($913 billion) “NextGenerationEU” post-Covid-19 pandemic recovery plan, which will see the 27 member states jointly borrow on capital markets for the first time in the EU’s history.
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