EU joint debt plan must remain a 'one-off' instrument, says Angela Merkel

The European Union’s plan to take on joint debt on a large scale and channel the money to member states worst hit by Covid-19 will create an important tool to overcome the crisis, but it must remain a one-off event, German Chancellor Angela Merkel said on Thursday.   She spoke to the Bundestag lower house of Parliament before it voted to approve the legislation for the EU plan.

The upper house, or Bundesrat, is expected to pass it on Friday.   “In the debate today, it will be made clear again that the recovery fund.

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