The hard-fought deal shows that the bloc’s members have the sense of solidarity needed to respond collectively to disasters, despite internal political splits
THE EUROPEAN UNION is accustomed to long, gruelling summits. Jean Monnet, one of the bloc’s founding figures, predicted that it would be “forged in crisis”, and leaders have been proving him right ever since. But the meeting that concluded early in the morning of July 21st was one for the history books. The European Council, composed of the leaders of the EU’s 27 member states, agreed on a €750bn package to help countries’ economies recover from covid-19, part of a €1.
The proposal for grants was bitterly opposed by a group of wealthy, mostly northern net-contributor states , led by the Netherlands and joined by Austria, Denmark, Finland and Sweden. Mark Rutte, the Dutch prime minister, insisted that countries receiving grants carry out economic reforms, and that each individual country be empowered to veto every other country’s plan to spend the aid.
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