An acrimonious EU summit will head into a third day, as leaders remain deadlocked over a huge post-coronavirus economic recovery plan
The pandemic has sent the EU into a tailspin, with 27-nation bloc’s economy estimated to contract 8.3% this year, according to the latest predictions. Around 135,000 of its citizens have died from Covid-19.
Despite the urgency and seriousness of the crisis, there were deep rifts between some richer nations in the north, led by the Netherlands, which want strict controls on spending, and struggling southern nations like Spain and Italy, which have been especially hit hard by the pandemic and are looking for as much help as they can get.
But the issue of how to track the rescue money remains the key sticking point, the diplomat said. Michel has proposed a measure that would stop short of allowing any country a veto on how governments spend the money.
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