About: http://data.cimple.eu/news-article/5fe90dc969b1aa74b22ead092be05d0a3c494f04cca297cb9d339aed

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	France on Tuesday called on the EU Commission to expedite its approval of massive spending plans designed to prop up the bloc's economies hobbled by Covid-19 restrictions. At a joint news conference with his German counterpart Olaf Scholz, French Finance Minister Bruno Le Maire warned that the European Union's recovery risked falling behind China and the United States unless funds were released quickly. "We have lost too much time," Le Maire said. "China has resumed its growth. The US is booming. The EU must remain in the race." EU countries in July agreed on the creation of a coronavirus recovery fund worth 750 billion euros ($906 billion), the equivalent of 5.6 percent of their combined gross domestic products, financed by jointly-underwritten debt. France and Germany are among a dozen countries scheduled Wednesday to submit to the EU executive body their plans for how they intend to spend their share of the money. The Commission is to analyse the national spending plans, allowing the European Council to approve them "in July at the latest", Le Maire said, resulting in payouts by the end of the summer. Scholz, however, told the news conference he thought the process was "on track" for Germany and France as well as other countries. "There is this ongoing ratification process and I'm quite confident that we will be successful in the end," Scholz said. Commission chief Ursula von der Leyen meanwhile said that the different recovery plans would be "translated into legal texts" in the coming weeks. burs/jh/cdw
schema:headline	France urges EU to approve crisis spending plans soon
schema:mentions	Johann Martin Augustin Scholz European Council Bruno Le Maire European Commission Finance minister French language Olaf Scholz Ursula von der Leyen European Union France United States China Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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