EU leaders have edged closer to a compromise on a new long-term budget and a multi-billion euro coronavirus recovery fund and will reconvene on Monday (20 July) afternoon for a fourth day of negotiations.
EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
Germany and the Netherlands will lead opposition to issuing joint bonds to help revive the European Union economy from a deep slump caused by the coronavirus when the bloc's national leaders discuss emergency assistance on Thursday (26 March).
EU countries failed to narrow deep differences over the bloc's next seven-year budget as a group of net contributors refused to approve bigger spending and instead pushed for big cuts for farmers and poorer regions, in a bid to fill a €75 billion hole left by Brexit.
Leaders of the EU27 hold a special summit to debate the bloc's 2021-27 budget, in an effort to meet the tightening deadlines, fill the financial gap left by Brexit and reconcile vastly different positions of the member states.
Leaders will meet on Thursday (20 February) for a first attempt to reach an agreement on the EU’s next long-term budget. It will shape the future of the bloc for the next seven years. EURACTIV explains what the Multiannual Financial...