Standoff remains after richer member states refused blueprints for virus rescue plan. FMTNews EU
A group of media film EU leaders before a round table meeting at the summit in Brussels on Saturday.
“We’re in a stalemate, it’s very complicated, more complicated than expected,” Italian Prime Minister Giuseppe Conte said after long hours of wrangling on day two of the summit in Brussels. But Dutch Prime Minister Mark Rutte has insisted member states retain final approval of any funding – an effective veto – for recipients.
An official from a non-frugal state insisted that this does not amount to a right of veto, but admitted that it remains to be seen whether countries such as Spain and Italy will accept the compromise. Amid the furious negotiating, at one point, the leaders of some smaller countries – Belgium, Estonia, Luxembourg and Malta – left the venue to enjoy drinks and chips on a sunny square.
“The ratio of grants versus loans simply has to be different,” Chancellor Sebastian Kurz told reporters.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU leaders deadlocked over Covid recovery plan after a day of haggling | Malay MailBRUSSELS, July 18 — EU leaders failed yesterday to make headway in negotiations over a massive stimulus plan to breathe life into economies ravaged by the coronavirus pandemic, returning to their Brussels hotels shortly before midnight to rest and try again in the morning. Many of the 27 heads...
Read more »
Spain tells millions to stay home as EU meets on virus rescue planMore countries and cities are forced to reimpose restrictions as pandemic worsens globally. FMTNews Spain Covid19
Read more »
“A moment of truth”: EU leaders gather to haggle over recovery planBRUSSELS/PARIS: European Union leaders gathered on Friday for crunch summit talks on a multi-billion-euro plan to breathe life into their economies, t...
Read more »
Spain tells millions stay home as EU meets on virus rescue plan | Malay MailBARCELONA, July 18 — Four million residents of Spain's second city Barcelona were told to stay at home yesterday, as virus cases rise, while EU leaders met in Brussels seeking to rescue Europe's economy from the ravages of the pandemic. “We must take a step back to avoid returning in coming...
Read more »
So close yet so far: EU seeks deal on stimulus for Covid-hit economy | Malay MailWARSAW, July 17 ― European Union leaders will seek to overcome their differences over a proposed stimulus to kick-start economic growth stifled by the coronavirus as they meet in Brussels today for their first face-to-face talks since the pandemic hit. Dutch opposition and a threat of a Hungarian...
Read more »
MH17 anniversary: EU reiterates support to establish truth, seek justice | New Straits TimesKUALA LUMPUR: The European Union (EU) has reiterated its full support to establish the truth and achieve justice for the downing of Malaysia Airlines flight MH17 six years ago.
Read more »