Grant or loan for the most affected by the coronavirus countries? The leaders of the EU third day trying to agree on measures to rebuild the economy

Грант или кредит для наиболее пострадавших от коронавируса стран? Лидеры ЕС третий день пытаются договориться о мерах по восстановлению экономики

In Brussels the third day of the ongoing EU summit, which aims to adopt a package of measures to rebuild the economy after the epidemic of coronavirus infection.

This is the first personal meeting of the leaders of the EU countries after the start of the pandemic, in recent months, they communicated with each other remotely. The duration of the summit is unprecedented. The leaders extended it, trying to overcome serious disagreements in the approaches to the formation of the European Fund volume of 750 billion euros, the funds from which will go to help the most affected countries, and the EU budget for the next 7 years with a volume of over a trillion euros.

Despite statements about the need for compromise, it remains unclear whether it will be achieved. German Chancellor Angela Merkel on Sunday morning said that the summit is still not obvious.

Five EU States are in favour of stricter proposed rules providing funds to the affected countries of southern Europe such as Spain and Italy, insisting on the need for structural reforms and expenditure control. This group includes the Netherlands, Denmark, Austria, Finland and Sweden. The leaders of Germany and France have so far failed to convince the leaders of the five to compromise.

Proposed by the EU, the plan provides that most of the funds will be provided to the affected countries in the form of grants, however, the Netherlands and its allies insist that they were loans.

The Prime Minister of Hungary Viktor Orban on Sunday, recognizing the presence of significant differences said that all participants understand that the agreement was “necessary”.

The European Union has been criticized by some political forces for a lack of a quick response to the epidemic, which individual States had taken decisions without coordination with each other until the closing of borders between EU countries. The EU denies that mistakes were made.

Budget

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