Hot topics | Coronavirus pandemic

A Meeting Of The EU Summit On The Budget Suspended

A Meeting Of The EU Summit On The Budget Suspended

The second plenary session of the EU summit on the new seven-year community budget plan for 2021-2027 with a volume of €1.074 trillion and the EU economic recovery Fund of €750 billion has been suspended, the leaders have moved to bilateral consultations. This was announced on Saturday by Barend Leyts, a spokesman for the President of the European Council, Charles Michel.

"During #EUCO @eucopresident ends plenary session and will organize consultations," Leyts wrote on Twitter. Thus, the working session on the second day of the summit lasted about two and a half hours.

On Friday, after 13 hours of talks, EU leaders made no progress on the adoption of the seven-year budget plan for the EU for 2021-2027 with a volume of €1.074 trillion, or on the European Union's economic recovery Fund after the pandemic, which, according to the European Commission's draft, was planned to attract €750 billion of borrowed funds with a commitment for EU countries to pay them by 2056.

Leaving the summit on Friday after the first working session, Czech Prime Minister Andrei Babis told the media that the views of the participants of the meeting on the economic recovery Fund are diametrically opposed. According to him, there is no agreement even on its volume. According to media reports, by the morning, Charles Michel put forward new compromise proposals, slightly reducing the upcoming spending of EU States.

You may also like: