German Chancellor Olaf Scholz on Wednesday countered proposals for a European Sovereignty Fund by arguing there was still money available from prior European support packages that should be used up first. "First of all, there are quite a lot of funds that have not been disbursed yet…this is the beauty of the European Recovery plan," he told reporters on the sidelines of a meeting in Brussels, referring to a giant stimulus package agreed by the EU to help speed up the bloc’s post-COVID recovery.
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