Carl Bildt, former Prime Minister and Foreign Minister of Sweden, provides his perspective:
What are the details and the procedures for the European recovery fund?
Yep, that will take some time. The proposal was presented by the European Commission the other day. It's €750 billion. It's going to take it up on the capital markets and then it's going to be paid back by the member states, due in the next 20-30 years. A lot of controversy around it, but I think essentially, it's going to follow the lines of the commission. There's a European summit on the 18th-19th of June. That's going to be key for taking decisions, but then lots of details that need to be hammered out. But it is a significant package which is going to have a significant effect.
How is the easing of the lockdown across Europe now proceeding?
Gradually, carefully and with a readiness to move back if it doesn't turn out to be as planned. I think there's a problem that people are easing up somewhat, somewhat more than is the intention of the authorities. And there is slight apprehension that that will lead to some problems further down the road. Let's hope not.
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