EU recovery fund ‘too slow and complicated’, says French minister

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In an interview with the Financial Times, finance minister Bruno Le Maire pushes for fiscal rules review to overcome ‘blockages’ in paying out grants.

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France has called on the EU to overcome “blockages” to ensure faster disbursement of its €750bn recovery fund to member states, and said the coronavirus pandemic will require re-evaluating eurozone fiscal constraints, reports the Financial Times.