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News : Business

EU gives green light to Spanish, Portuguese recovery funding

By France24
17 Jun 2021   |   1:17 pm   |  
The EU has approved spending plans by the Spanish and Portuguese governments, clearing the way for them to receive money from the bloc's €750 billion recovery fund. But how will the emergency funding work – and how will it be paid back? We take a closer look. Also in the show, the Federal Reserve brings forward its timetable for interest rate hikes, as US inflation continues to rise.


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