News analysis

Divisions emerge as EU considers political conditions for aid

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The approval by the European Union of a €750 billion (S$1.2 trillion) recovery plan, designed to help member states in overcoming the economic impact of the coronavirus pandemic, is hailed as a historic step.

For the first time, the EU will collectively borrow part of this cash and allocate it to its needier members, often in the form of grants rather than loans.

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A version of this article appeared in the print edition of The Sunday Times on August 09, 2020, with the headline Divisions emerge as EU considers political conditions for aid. Subscribe