Paolo Gentiloni, EU commissioner for economic affairs, says simulus delay is a risk to the bloc. The EU’s economics chief is worried that a US$2 trillion stimulus plan will not be delivered as quickly as originally planned, potentially threatening a recovery in the region, CNBC reports. However, Hungary and Poland, who have for years been under investigation for allegedly disrespecting European values, opposed the new link and vetoed the agreement. “I am confident on the outcome, I am rather worried on the delays that, in any case, we are risking,” Paolo Gentiloni, EU commissioner for economic affairs, told CNBC’s “Squawk Box Europe” Thursday. We should not have too much delay because as (ECB President) Christine Lagarde was just saying, we need a swift approval of these funds,” Gentiloni also said.

Source: The Standard November 19, 2020 12:50 UTC