The EU Commission is set to unveil a new EU budget and recovery fund to help European countries bounce back from the pandemic.
Commission chief Ursula von der Leyn is expected to outline the institution's budget proposal at 13:30 CET.
Battle lines are being drawn between national capitals over how to finance the recovery. In particular, how to raise credit and what strings are attached for repayment. The conflict pits a Franco-German plan laid out by Germany's Merkel and France's Macron against an alternative approach from the group of nations known as The Frugal Four.
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