EU recovery summit could end with no deal, says Merkel

Germany’s Chancellor Angela Merkel warned it was still possible that Europian Union leaders could fail to reach an agreement on Sunday on a huge post-virus recovery plan for the shattered European economy.

Arriving for the third and probably final day of an extraordinary European summit, Merkel stated that 27 leaders had “many positions” on the size of the fund, on rules for accessing it, and on tying it to respect for the rule of law.

  Learn about the COVID-19 pandemic from News Hour  

“I still can’t say whether a solution will be found,” she said. “There is a lot of goodwill… but it may also be that no result will be achieved today.”

Angela Merkel was due to join French President Emmanuel Macron and the president of the European Council, summit host Charles Michel, to provide a new offer to break the logjam after Dutch Prime Minister Mark Rutte and his “Frugal Five” allies blocked a deal.

Michel had proposed a 750-billion-euro package of EU loans and grants to help all member nations recover from a historic coronavirus (COVID-19) recession, but Austria sees the package as too big and the Netherlands wants member states to be able to veto national spending plans.

The rest of the 27 EU leaders were due to meet again in the full summit format from 10:00 GMT and talks could yet go late into the night.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments
Scroll Up
%d bloggers like this: