European Council President, Charles Michel, proposed on Friday (10 July) to give more control to member states over the recovery funds to overcome Northern member states’s opposition to the ambitious stimulus.
The leaders of the 27 EU member states will meet in Brussels on July 17, their first physical summit since the coronavirus lockdown began, to discuss an economic recovery package and the EU's next seven-year budget.
The European Council summit ended on Friday (19 June) without agreement on the EU recovery fund. However, German Chancellor Angela Merkel made it clear that she wants to act quickly, and the next round of negotiations is scheduled for mid-July. EURACTI...
EU leaders held “constructive” discussions on Friday on the EU’s €750 billion recovery fund to overcome the coronavirus crisis, and pledged to reach an agreement next month, despite the enormous differences among the member states.
EU leaders will discuss for the first time on Friday (19 June) the €750 billion recovery fund proposed by the Commission to overcome the coronavirus crisis. But in order to access EU aid, member states will have to bring down their ballooning public debt, an EU official explained.
Ahead of tomorrow's EU summit (19 June), France's European Affairs Minister Amélie de Montchalin told EURACTIV's partner Ouest-France in an interview that the EU27, including the "frugal four", are moving towards accepting an EU recovery programme, but that it would not work without reforms and long-term investment.
It will be “very difficult” to reach an agreement on the recovery fund and the EU's overall seven-year budget by July, as intended, given the disagreements over the size, the distribution of the stimulus and the attached conditions, EU officials and national diplomats acknowledged on Wednesday (10 June).
EU leaders have tasked the European Commission with designing the recovery plan for the deep economic crisis that the coronavirus COVID-19 will cause in Europe.
EU leaders meet on Thursday (23 April) for the fourth time in seven weeks to narrow the differences on how to set up a recovery fund to counter the economic fallout of the COVId-19 crisis.
EU leaders are meeting on Thursday (23 April) to discuss how to boost the bloc’s economy following the COVID-19 crisis. But whatever the recovery plan looks like, experts consulted by EURACTIV warned against linking it to the EU budget.