European Council President Charles Michel offered a revised plan for the EU's proposed economic recovery fund on Saturday to break a deadlock between the bloc's 27 leaders on the second day of a summit in Brussels, according to a document, diplomats and officials.
European Council President Charles Michel makes a statement as he arrives for the first face-to-face EU summit since the coronavirus disease outbreak, in Brussels, Belgium July 17, 2020. Francisco Seco/Pool via REUTERS
BRUSSELS - European Council President Charles Michel offered a revised plan for the EU’s proposed economic recovery fund on Saturday to break a deadlock between the bloc’s 27 leaders on the second day of a summit in Brussels, according to a document, diplomats and officials. To assuage concerns by the northern camp of thrifty EU countries led by Dutch Prime Minister Mark Rutte, the share of free grants in the proposed 750 billion euro recovery fund would be reduced to 450 billion euros from 500 billion.
This, along with plans for an ‘emergency brake’ on disbursement of funds, would appease wealthy northern states who want conditions attached to grants and would prefer to see those countries worst affected by the coronavirus crisis take loans.Reporting by Gabriela Baczynska; Writing by John Chalmers
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
European stocks seen slightly higher as EU leaders meet for stimulus talksEuropean stocks are set for a cautiously higher open Friday as European Union leaders prepare to discuss a deal on the bloc's key coronavirus recovery package, while U.S. coronavirus cases continue to soar.
Weiterlesen »
European shares flat ahead of EU summit, Ericsson soars after earningsEuropean shares were little changed on Friday, with stocks trading in a narrow range as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund.
Weiterlesen »
EU to meet face-to-face at summit to carve up $2.1 trillionLeaders from 27 European Union nations will be meeting face-to-face for the first since February to try to carve up a potential package of 1.85 trillion euros ($2.1 trillion) among themselves, and see who will pay in the most.
Weiterlesen »
EU no closer to agreeing COVID economic recovery plan, Czech PM saysEuropean Union leaders' views on a mass stimulus plan remained 'diametrically different', Czech Prime Minister Andrej Babis said on Friday, after hours of talks on how to breathe life into economies ravaged by the coronavirus pandemic.
Weiterlesen »
Polish 'LGBT-free' town weighs risk of losing EU fundsSurrounded by fields of roses and lavender in tranquil eastern Poland, some residents of the village of Konskowola feel the European Union may be trying to blackmail them.
Weiterlesen »
EU heads struggle to agree main parts of COVID economic recovery planEuropean Union leaders struggled on Friday to close ranks on the main elements of a multi-billion-euro plan to breathe life into their economies ravaged by the coronavirus pandemic that plunged the bloc into its latest crisis.
Weiterlesen »