The head of the German Federal Reserve has questioned the decisions taken at the EU summit.

Iran PressEurope: Jens Weidmann, President of the German Federal Reserve, criticized the main decisions of the EU Summit and stressed the need to limit the duration of aid to countries affected by the Coronavirus.

Widemann warned that the decision should not be used as a basis for financing debt on a larger scale.

The governor of the German Federal Reserve also said that public debt is rising sharply, but it can still be managed.

European leaders have agreed on the biggest financial and budget package in their history to deal with the economic consequences of the Corona crisis, following recent tough negotiations.

EU member states have agreed on a € 1.8 trillion financial package.

The approval of this financial package has intensified disputes among European countries.


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