ECB’s Panetta: EU recovery fund proposal is considerable step forward
|The new European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday, the European Union (EU) recovery fund proposal is a considerable step forward.
Nothing further was reported by the ECB policymaker.
This comes after Germany and France proposed the creation of a fund of 500 billion euros to support the recovery of the EU coronavirus-battered economies.
Meanwhile, EUR/USD holds the lower ground near 1.0970 region, as investors digest the mixed PMI reports from the Euro area economies.
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