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Dániel Oláh

DÁNIEL OLÁH economist, head of “Macronome”, the economic column of the weekly Mandiner. He studied Applied Economics at Eötvös Loránd University, Budapest and economic policy at Central European University, Budapest. He has been a research fellow at the John von Neumann University. Dániel is currently pursuing his PhD at the Doctoral School of Earth Sciences at the University of Pécs.

1 September 2020
"The Eurozone was already in a fragile condition when the coronavirus pandemic struck, so at the instigation of France and Germany, a major €750 billion support and recovery fund was established by the EU to tackle the challenges posed by the pandemic. €390 billion of this stimulus package, which is known as the Next Generation EU programme, is made up of grants, with the remainder (€360 billion) comprised of loans extended on very favourable terms. This €750 billion will be added to the total budget for the next seven-year cycle (the standard Multiannual Financing Framework, or MFF), which amounts to some €1,074 billion."

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