Austria opposes current EU rescue, wants changes - finance minister

Austria opposes Europe's current 750 billion euro plan to help economies recover from the coronavirus pandemic and wants to negotiate changes to the proposal, the country's finance minister said on Saturday.Under the plan, which must be approved by all bloc members, the EU's executive Commission would borrow from the market and then disburse two-thirds of the funds in grants and the rest in loans to cushion the unprecedented economic slump expected this year due to lockdowns.Finance Minister Ger