Germany’s Foreign Minister Heiko Maas offered an optimistic outlook on the European Union (EU) recovery fund while speaking to Reuters on Wednesday.
“What is happening there is extremely worrying because we believe that Hong Kong’s autonomy is gradually being eroded.”
“Ultimately, the relationship between China and the European Union will be affected.”
His comments come amid increased calls of the recovery fund deal to be reached by the end of this month.
Last week, European Central Bank (ECB) Governing Council Member Pablo Hernandez de Cos emphasized on the need to approve a European recovery fund as soon as possible to enable faster economic recovery from the coronavirus impact.
The hopes of reaching the deal sooner are pinned on the EU leaders’ meeting scheduled on July 17th and 18th.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.