The EU will launch its pandemic-recovery fund this yr with an preliminary €10bn provide of joint European bonds, French EU affairs minister Clement Beaune instructed Les Echos Monday. “The market urge for food needs to be very main and the rates of interest very beneficial,” he stated. The complete €750bn restoration package deal, as soon as created, can be an embryonic EU treasury, he added. France was additionally pushing for a minimal EU-wide company tax, Beaune stated.