European Parliament votes for new taxes in EU to repay recovery borrowing

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman

Lawmakers voted 455 votes in favour and 146 against, with 88 abstentions, to introduce new sources of revenue - so called “own resources” - to the EU budget that should at least cover the costs related to the recovery plan. Leaders hope the 750 billion euro recovery fund and its related 1.1 trillion euro 2021-2027 budget will help repair the continent’s deepest recession since World War Two after the coronavirus outbreak shut down economies.

NeXit asap

Hit a 2120 🤣🤣🤦‍♂️🤦‍♂️

Greece is pathetic they borrow millions then don't want to pay it back.

Those people are about to get screwed

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European Parliament votes for new taxes in EU to repay recovery borrowingThe European Parliament voted on Wednesday in favour of assigning new tax revenues to the European Union to repay the bloc's intended joint borrowing of 750 billion euros ($888 billion) for economic recovery after the COVID-19 pandemic. Holbornlolz A certain straw is now purposefully making it's way to the camels back... Just print more you dopes Holbornlolz Taxing the “tech giants”. Good luck with that one.
Source: Reuters - 🏆 2. / 97 Read more »