EU recovery is 'no battle between frugal and free-spending' states, says Spain

MADRID (Reuters) - European Union leaders must reach a deal fast on a recovery fund to avoid a long and painful recession for a region shattered by the coronavirus pandemic, Spain's foreign minister said. The European Commission on Wednesday unveiled a 750 billion euro (673.8 billion pounds) plan to prop up the bloc's economies, but it could face resistance in fiscally conservative northern nations dubbed "the frugal four": Austria, the Netherlands, Sweden and Denmark.Spanish Foreign Minister..