EU summit to Corona-aid: Short and Rutte resistance

The first day of the EU summit to Corona's relief Fund and the EU budget has ended without approximation. The Meeting of the financial package of around 1.8 tr

EU summit to Corona-aid: Short and Rutte resistance

The first day of the EU summit to Corona's relief Fund and the EU budget has ended without approximation. The Meeting of the financial package of around 1.8 trillion euros will continue on Saturday morning at 11.00 a.m., said a EU spokesman on Friday night after nearly 14 hours of negotiations. According to the diplomat, the Netherlands and Austria stand against plans, the majority of the Corona-aid out of a total of 750 billion euros as non-repayable grants to spend.

"We are in a difficult Phase of the negotiations," the Diplomat said. Especially, the Dutch head of government Mark a very hard and little constructive attitude got Rutte"". German Chancellor Angela Merkel (CDU) had ruled out in view of two very different lying positions already at the start of the two days of the scheduled meeting is a Failure. "The differences are very, very big," she had explained.

Short defends itself against a "debt Union"

Also, Austria's Chancellor, Sebastian turned Briefly on the evening against any plans that 500 billion euros of the Corona-awarded aid as grants. It should not "come to a long-term debt Union," he wrote on Twitter. "Of course we want to show solidarity, but we also have the interests of the Austrian taxpayer in mind."

The total sum of the Corona-aid of 750 billion euros should be included as a joint debt of the member States of the EU-Commission in financial markets. The money is then to go to particularly hard by the pandemic struck countries of the EU, especially in the South of Europe. Only 250 billion euros to be awarded as loans, should be paid by the recipients back.

Updated Date: 18 July 2020, 07:20

You need to login to comment.

Please register or login.

RELATED NEWS