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European leaders nudge towards joint coronavirus recovery aid

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European leaders nudge towards joint coronavirus recovery aid   Toggle navigation Home About us Corona Virus Cinema News Technology Trending news Public News Sports Contact US Home Corona Virus European leaders nudge towards joint coronavirus recovery aid European leaders nudge towards joint coronavirus recovery aid Tags: Corona Virus, Economic, EU, European leaders, Italian European Union leaders edged forward on Thursday towards joint financing of an economic recovery without the coronavirus pandemic by like-minded to ask the European Commission to work out the details of such worldwide support, EU sources said. Diplomatic sources pursuit the video-conference of the bloc’s 27 leaders said the discussion was less unfriendly than a month ago. But the same divisions were unmistakably expressed with four “frugal” EU countries — Austria, Denmark, Sweden and the Netherlands — opposing recovery aid through grants. The broader northern camp, which moreover includes Germany, spoke in favour of linking a new Recovery Fund to the bloc’s next long-term upkeep for 2021-27, the sources said. On the other side of the divide was Italian Prime Minister Giuseppe Conte, who told his peers, equal to an EU official: “The value of the Recovery Fund should be 1.5 trillion (euros) and provide grants to member states. Grants are essential to preserve the single market, a level playing field, and to ensure a symmetric response to an unsymmetrical shock.” One EU diplomat said: “They edged forward without any real meeting of the minds. It’s up to the Commission now to square the circle.” Share this post: on Twitter on Facebook on LinkedIn Leave a Reply Cancel replyYour email write will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Search for: Recent Posts How to Access the Dark Web & Deep Web on Your iPhone African e-commerce giant Jumia cuts costs, hopes for lockdown uplift Dollar clings on to gains on fears of new COVID-19 cases, U.S.-Sino tensions Japan c.bank, govt signal increasingly steps to ease funding strains Motor racing: Roberts joins Williams F1 from McLaren as managing director Recent CommentsCommenter on Ireland’s tour of Zimbabwe postponedArchives May 2020 April 2020 March 2020 Categories Cinema News Corona Virus Public News Sports Technology Trending news Lambet Tech Business Solutions Pvt Ltd,. Copyright 2017