EU recovery fund plan hangs in balance at deadlocked summit

EU recovery fund plan hangs in balance at deadlocked summit

From reuters.com

A European Union plan to breathe life into economies throttled by the coronavirus pandemic hung in the balance on Sunday as leaders quarrelled over the level of spending on the third day of a summit. The resumption of negotiations in Brussels was delayed until at least 4:00 p.m. (1400 GMT) while the 27 EU member states sought a compromise to win over “frugal” wealthy northern countries. German Chancellor Angela Merkel said an agreement might be beyond their reach. Austrian Chancellor Sebastian Kurz, said later that a deal was in reach but there was still “a way to go” at a summit where participants wore ... (full story)

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Jul 19, 2020 3:46pm

Quoting RossEdwards

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Nothing new to delays to process.. Dont worry ..a deal will be done. When folk get knickers in a knot about EU negotiations of any complexity..Im reminded of asking a friend (now hugely wealthy) who was master of complex and very profitable commercial deals.. "Why are ALL your deals so bloody difficult and fraught with problems.". He said.".If they were simple and easy..any fool could do them".

Ignored

The deal to initially join EU must have been really simple and easy then.

RossEdwards

Jul 19, 2020 2:23pm

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Nothing new to delays to process.. Dont worry ..a deal will be done.

When folk get knickers in a knot about EU negotiations of any complexity..Im reminded of asking a friend (now hugely wealthy) who was master of complex and very profitable commercial deals..
"Why are ALL your deals so bloody difficult and fraught with problems.".
He said.".If they were simple and easy..any fool could do them".

UKBanter

Jul 19, 2020 1:11pm

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"deadlocked summit" well of course as it involves that oxymoron "European Union". They are experts at running down cul de sacs.

Nihar1969

Jul 19, 2020 9:43pm

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EU leaders struggle with 'mission impossible' at deadlocked recovery summit.

BRUSSELS (Reuters) - EU leaders stood at an impasse on Monday 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”.

https://www.reuters.com/article/us-e...-idUSKCN24L068