European Union leaders ended their second day of talks no closer to a deal for a massive stimulus fund to offset the economic damage caused by the coronavirus pandemic
As the 27 leaders scurried back to their hotels after a late, inconclusive dinner, German Chancellor Angela Merkel and French President Emmanuel Macron stayed behind in the EU’s headquarters in Brussels to haggle with the Dutch-led camp of thrifty countries demanding cuts to the 1.8-trillion-euro package.
Summit chairman Charles Michel was due to hand new proposals before the 27 reconvene at noon on Sunday. Hopes for an agreement grew earlier on Saturday when Michel proposed revisions to the overall package designed to assuage the Dutch concerns. Conte also said a de-facto veto on national applications for aid sought by The Hague was “politically and legally improper and also largely unfeasible”.
Diplomats said the “frugals” also pressed through the day for bigger rebates for net payers into the core EU budget, among other demands.
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 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.
Read more »
EU Leaders Meet In Hopes Of Closing Divisions Over COVID-19 Relief PackageIn their first face-to-face since the pandemic exploded, European Union leaders hope to hammer out a 1.85 trillion euro ($2.1 trillion) EU budget and COVID-19 recovery plan.
Read more »
Exclusive: EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines, sources sayThe European Union is negotiating advance purchase deals of potential COVID-19 vaccines with drugmakers Moderna , Sanofi and Johnson & Johnson and biotech firms BioNtech and CureVac, two EU sources told Reuters.
Read more »
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.
Read more »
EU leaders deadlocked over COVID recovery plan after a day of hagglingEU leaders failed on Friday 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.
Read more »
Polish PM says no consensus in EU talks on COVID economic recovery fundPolish Prime Minister Mateusz Morawiecki said on Friday there was no consensus among EU leaders on a proposed 750-billion-euro recovery fund to lift the bloc's economies from a recession triggered by the coronavirus pandemic.
Read more »