BRUSSELS, 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...
Saturday, 18 Jul 2020 08:11 AM MYT
Many of the 27 heads declared on arrival for their first face-to-face summit for five months that a deal was crucial to rescue economies in free fall and shore up faith in the European Union, which has lurched for years from crisis to crisis. Diplomats said the 27 remained at odds over the overall size of the package, the split between grants and repayable loans in the recovery fund and rule-of-law strings attached to it.
German Chancellor Angela Merkel, who celebrated her 66th birthday around the negotiating table in Brussels, was also cautious on chances for an agreement, envisaging “very, very difficult negotiations.” The EU is already grappling with the protracted saga of Britain's exit from the bloc and is bruised by past crises, from the financial meltdown of 2008 to feuds over migration.
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