ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home World Europe

EU grapples with recovery plan

The pandemic, which has spawned health and economic mayhem worldwide, also resulted in the G20 considering extending debt relief for coronavirus-hit poor countries in the second half of this year.

in Europe
Reading Time: 2 mins read
0 0
0
EU grapples with recovery plan
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

BRUSSELS-Acrimonious European Union talks over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund entered a third day on Sunday as the global death toll climbing.

EU leaders in Brussels remained deadlocked on Saturday over the COVID-19 recovery plan because of resistance from Austria, Denmark, Finland, Sweden and the Netherlands.

European Council President Charles Michel was expected to propose another plan to the 27 leaders at noon on Sunday after his blueprints for a 750-billion-euro ($850 billion) package were refused by the richer northern member states.

Michel’s latest proposal would keep the total recovery budget at 750 million euros, but shift the balance slightly from grants-down from 500 million to 450 million-to loans, which would rise from 250 million to 300 million, according to a document.

German Chancellor Angela Merkel said in Brussels on Sunday that it was possible that EU leaders would not reach agreement on their third day of talks on plans to boost the bloc’s economies.

More

Europe’s Great Blackout: The Massive Blackout That Froze Daily Life

Women in Private Investigation Take Center Stage at Madrid Woman’s Week Online Event

Spain drops from 8th to 30th place on China’s priority list

“There is a lot of goodwill but also many positions. I will make every effort, but it is possible that there is no result.”

‘Super emergency brake’

French President Emmanuel Macron said on Sunday that there was a willingness to compromise for agreement on an economic recovery fund at the European Union’s summit, but it should not come at the cost of ambition for the bloc.

Dutch Prime Minister Mark Rutte has insisted member states retain final approval, an effective veto, of any funding for recipients.

EU oversight is necessary to oblige countries such as Spain and Italy to reform their economies to handle future crises better, he said.

Michel’s latest plan included a “super emergency brake” that gives any country a three-day window to trigger a review by all member states of another’s spending plans.

Barcelona, one of Europe’s most visited cities, in effect went back into lockdown on Saturday.

Spain’s death toll of more than 28,400 is one of Europe’s worst, and more than 150 new virus clusters have been identified across the country in recent days.

The regional government of Catalonia urged nearly 4 million residents of metropolitan Barcelona to stay home unless absolutely necessary, banning gatherings of more than 10 people and shutting cinemas, theaters and nightclubs.

France, where masks will be compulsory in indoor public spaces from Monday, was closely watching coronavirus clusters in Spain, Prime Minister Jean Castex said.

Source: China Daily
africanian

africanian

  • Trending
  • Comments
  • Latest
Weather in Morocco: Climate, Seasons and Average Temperature

Weather in Morocco: Climate, Seasons and Average Temperature

August 25, 2020
Equatorial Guinea: Dreams Hub Among the Selected by OIF to Drive Green Innovation in the Congo Basin

Equatorial Guinea: Dreams Hub Among the Selected by OIF to Drive Green Innovation in the Congo Basin

June 9, 2025
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
Somalia: the female revolution building cities

Somalia: the female revolution building cities

June 14, 2025
India leads a technical response following the Boeing 787 crash

India leads a technical response following the Boeing 787 crash

June 13, 2025
Niger to grow over 6% in 2025, driven by oil boom

Niger to grow over 6% in 2025, driven by oil boom

June 13, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to [email protected]

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected]. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.