About: Frugal Four

Economy & Jobs 15-07-2020

Recovery money is not a gift, says Italy’s EU ambassador

The EU’s proposed €750 billion recovery fund should not be seen as a gift to EU member states. Rather, it is a financial instrument to fund the greening, digitalisation and competitiveness of the European economy, Italy's Permanent Representative to the EU, Maurizio Massari, told EURACTIV in an interview.
Economy & Jobs 15-07-2020

Austria minister ‘cannot imagine’ an agreement at EU summit

Austria's EU Minister Karoline Edtstadler does not expect an agreement to be reached at the EU's budget summit on Friday and Saturday. In an interview with EURACTIV Germany, she explains where Austria wants to renegotiate and pleads for a stricter link to the rule of law.
Future EU 10-07-2020

Sweden and Denmark step out of the shadows as EU’s frugals

Normally perceived as team players, Sweden and Denmark have found themselves playing the unaccustomed role of outliers in EU politics, blocking the widely backed COVID-19 recovery plan.
Economy & Jobs 08-07-2020

Dutch ‘preachers and salesmen’ lead EU frugality drive

The Netherlands will be at the centre of upcoming talks over European spending on the coronavirus crisis, driven by a mix of traditional Calvinist frugality and political reality, experts say.
Economy & Jobs 08-07-2020

Italy will not accept ‘weak compromise’ on EU recovery fund, PM says

Italian Prime Minister Giuseppe Conte said on Tuesday (7 July) the European Union must act decisively to build a common response to the economic crisis caused by the COVID-19 pandemic, urging that support measures be activated rapidly.
Future EU 03-07-2020

Merkel and von der Leyen: Two long-time companions guiding Europe

They have ruled Germany together for 15 years. Now they are at Europe's helm. With the start of the German EU Presidency, Chancellor Angela Merkel and European Commission President Ursula von der Leyen have, together, forged plans to navigate Europe out of crisis, EURACTIV Germany reports.
Economy & Jobs 24-06-2020

Macron says EU virus package ‘advancing’, in talks with Dutch PM

French President Emmanuel Macron said talks on a EU coronavirus recovery fund were "advancing" Tuesday (23 June) as he met Dutch Prime Minister Mark Rutte, a key holdout against the plan.
Economy & Jobs 23-06-2020

Macron to discuss EU rescue plan with ‘frugal’ Dutch

French President Emmanuel Macron will visit the Netherlands Tuesday (23 June) for talks with Prime Minister Mark Rutte on a massive EU coronavirus recovery fund that has met with Dutch resistance.
Economy & Jobs 19-06-2020

Merkel on EU Recovery Fund: ‘The bridges we have to build are large’

The European Council summit ended on Friday (19 June) without agreement on the EU recovery fund. However, German Chancellor Angela Merkel made it clear that she wants to act quickly, and the next round of negotiations is scheduled for mid-July. EURACTIV Germany reports.
Politics 18-06-2020

Merkel presents plans for EU Council Presidency in the Bundestag

In her Bundestag speech on Thursday (18 June), Merkel presented her plans for the Presidency of the EU Council. Once again, Berlin is facing a crisis and must find a balance between decisiveness and tact. EURACTIV Germany reports.
Economy & Jobs 15-06-2020

Commissioner Ferreira: ‘A crisis of this dimension cannot be addressed with a 1% GNI budget’

The COVID-19 outbreak has resulted in the worst recession in the history of the EU, which the European Commission aims to tackle with an unprecedented stimulus package. The Commissioner for Cohesion and Reforms, Elisa Ferreira, explained the ambitious plan in an exclusive interview.
Economy & Jobs 04-06-2020

ECB seen beefing up eurozone support as pandemic persists

Most analysts expect the European Central Bank on Thursday (4 June) to beef up its emergency bond-buying scheme with hundreds of billions of euros to weather the coronavirus pandemic, providing governments with the breathing space to decide their own response.
Economy & Jobs 01-06-2020

Austria opposes current EU rescue, wants changes

Austria opposes Europe's current €750 billion plan to help economies recover from the coronavirus pandemic and wants to negotiate changes to the proposal, the country's finance minister said on Saturday (30 May).
Politics 27-05-2020

Taming the ‘Frugal Four’: the challenge facing the German Presidency

The European Commission has presented its proposal for a recovery fund as part of the draft EU budget. Now the member states must be convinced, a task that will fall on Berlin when Germany takes over the EU Council Presidency in July, EURACTIV Germany reports.
Economy & Jobs 25-05-2020

‘Frugal Four’ present counter-plan to Macron-Merkel EU recovery scheme

The "Frugal Four" (Austria, Denmark, the Netherlands and Sweden) presented their own draft for an EU recovery fund in a 'non-paper' sent to the EU capitals on Saturday (23 May). The most important point: aid money must be repaid. EURACTIV Germany reports.
Economy & Jobs 20-05-2020

‘Frugal Four’ working on counter-proposal to Franco-German recovery fund

The €500 billion Franco-German EU recovery plan, presented on Monday (18 May), is too generous, according to the "Frugal Four" countries, who are working on a counter-proposal insisting on loans instead of grants and subsidies, diplomatic circles confirmed to EURACTIV Germany.
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