These 500bn are loans from the ESM. The part of that will go to support public healthcare will be without conditions, but the rest that will go to support the other parts of the economies will be given on conditions of austerity.
This agreement comes on the heels of the rejection of what 9 Eurozone countries including France had asked initially: A Eurobond, or coronabond as it made some headlines. That would have allowed the EU as an entity to borrow money instead of individual counties, but the governments of Germany and Netherlands seems that were against it.
This agreement comes on the heels of the rejection of what 9 Eurozone countries including France had asked initially: A Eurobond, or coronabond as it made some headlines. That would have allowed the EU as an entity to borrow money instead of individual counties, but the governments of Germany and Netherlands seems that were against it.