EU leaders will meet again to try to save a huge post-coronavirus economic rescue plan after running into a brick wall of defiance from 'frugal' countries led by the Netherlands and Austria
Germany's Chancellor Angela Merkel and French President Emmanuel Macron are backing a package of loans and subsidies to member states to revive economies shattered by the virus and preventive lockdowns.
According to diplomatic sources, European Council president and summit host Charles Michel had suggested granting the members a form of "emergency brake" on payments, to appease the Dutch. "But at the same time, you can also ask those countries to do everything possible to solve this yourselves the next time. And you do this through reforms, in the labour market, in pensions etc," he added.
Austrian Chancellor Sebastian Kurz wants the recovery fund to be smaller, tweeting to say he "clearly rejects" the sum of 500 billion euros in grants.
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