BRUSSELS, July 20 — EU leaders stood at an impasse yesterday after three days of haggling over a plan to revive economies throttled by the Covid-19 pandemic, but the chairman of their near-record-length summit urged them to make one last push on “mission impossible”. Charles Michel reminded...
Monday, 20 Jul 2020 08:06 AM MYT
Charles Michel reminded the 27 leaders of the European Union over dinner in Brussels that more than 600,000 people had now died as a result of the coronavirus around the world, and said it was up to them to stand together in the face of an unprecedented crisis. Diplomats said it was possible that they would abandon the summit and try again for an agreement next month.The €750 billion proposed for the recovery fund would be raised on behalf of them all on capital markets by the EU’s executive European Commission, which would be a historic step towards greater integration, and then funnelled mostly to hard-hit Mediterranean rim countries.
European Union leaders take part in the first face-to-face EU summit since the coronavirus disease outbreak, in Brussels July 17, 2020. — Reuters pic Italian Prime Minister Giuseppe Conte accused the Netherlands and its allies — Austria, Sweden, Denmark and Finland — of “blackmail”.
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