STOCKHOLM – Sweden could still veto MFF and EU Recovery Fund

Swedish Prime Minister Stefan Löfven said on Wednesday (15 July) he hopes for a quick resolution of the disagreements over the EU’s Recovery Fund and next seven year budget. However, he did not exclude a Swedish veto.

“We need a recovery fund, yes. It should be directed to the actual needs and be based on favourable loans and not grants,” Löfven told reporters, speaking at a joint press conference with Spanish Prime Minister Pedro Sanchez, whose last ditch-visit intention was to sway Stockholm, which together with Austria, the Netherlands and Denmark, is opposed to grants.

Löfven did not exclude a Swedish veto, but said there was a need to be constructive. “You don’t go into a negotiation with that attitude, you go into a negotiation to try to find a solution,” he said.

Speaking next to him, Spanish PM Pedro Sánchez stressed that while they were heading into “difficult negotiations” they also were in agreement on several issues.

“We have different views on how to respond commonly to this crisis, but we have also common goals,” Sánchez said.

“We are committed to reforms,” Sanchez said, saying that his country wanted to take steps to address climate change and accelerate the country’s digital transition

“We have a common goal which is to come out with a stronger Europe.”


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