Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
Investing.com -- German Chancellor Friedrich Merz expressed support for a new European fund designed to attract private investment for Ukraine’s reconstruction at a conference in Rome on Thursday.
"The enormous cost of reconstruction cannot be financed through public funds alone," Merz stated at the beginning of the two-day event, which comes more than three years after Russia’s invasion of Ukraine.
The initiative, called the European Flagship Fund for the Reconstruction of Ukraine, is being launched by Germany, France, Italy and Poland in partnership with the European Investment Bank and the EU Commission.
Merz emphasized his full support for the fund’s mission to "mobilise large volumes of private investment for the reconstruction of Ukraine."
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