EU 'frugal four' present own proposal for coronavirus aid

Four EU countries dubbing themselves the "frugal four" presented their own proposal Saturday for post-coronavirus economic recovery, restating their rejection of any jointly-issued debt instruments. Follow latest updates on the COVID-19 pandemic here The group, comprising Austria, the Netherlands, Denmark and Sweden, wants emergency help for badly affected countries to take the form of one-off loans "on favourable terms" which must be agreed within two years, according to the proposal...