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About: http://data.cimple.eu/news-article/c04cf5d2631cd7cbb2629e1c239d225f2cac251c3c20a533bfbee5d6 Goto Sponge NotDistinct Permalink

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	German Finance Minister Olaf Scholz said Sunday that the European Union's recovery package financed by joint borrowing was a long-term measure rather than a short-term coronavirus crisis fix, contradicting Chancellor Angela Merkel. "The Recovery Fund is a real step forward for Germany and for Europe, one we won't go back on," Scholz, who is also the centre-left Social Democratic Party (SPD) candidate to succeed Merkel in 2021 elections, told the Funke newspaper group. Steps taken under the plan, including EU nations agreeing to jointly issue debt "represent fundamental changes, perhaps the biggest changes since the introduction of the euro" single currency around the turn of the millennium, Scholz said. "These steps forward will inevitably lead to a debate about joint resources for the EU, something that's a condition for an improved European Union that works better," he added. Long and intense debates were needed before the 27 EU countries reached agreement in July on their historic 750-billion-euro ($885 billon) recovery scheme, more than half of which will be paid out as direct grants. For the first time, leaders gave their green light to joint debt -- an idea Germany had long rejected until the COVID-19 pandemic hobbled many European economies that had already spent a decade struggling to recover from the last financial crisis. Scholz added that the way voting works at EU level should be reformed to make reaching decisions easier. "The EU must be able to act collectively," he said. "For that we need to have qualified majority voting in foreign and budgetary policy, rather than enforced unanimity." In European Council votes, a "qualified majority" is reached with 55 percent of countries, which must include member states representing 65 percent of the bloc's 450-million-strong population. yap/tgb/bp
schema:headline	Germany's Scholz sees 'no way back' from EU joint debt
schema:mentions	Johann Martin Augustin Scholz European Council Yap Finance minister Social Democratic Party of Germany Olaf Scholz Angela Merkel Currency Germany European Union Pandemic United States Coronavirus Coronavirus disease 2019 Voting in the Council of the European Union Billon (alloy) Centre-left politics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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