EU leaders again failed to reach an agreement on the structure of an economic recovery program to minimize the fallout from the coronavirus crisis. The group did endorse a short-term 540 billion euro rescue package.
"The next seven-year MFF budget has to adapt to the new circumstances," she said."We need to increase its firepower to be able to generate the necessary investment across the whole European Union."Despite not reaching an agreement, Italian Prime Minister Guiseppe Conte said EU leaders madetoward a suitable economic solution."We have made great progress, unthinkable until a few weeks ago," Conte said in a Facebook post.
Von der Leyen said that there will be a"sound balance" of loans and grants, which will be determined through negotiations among the EU members. ."We should do this through loans. A mutualisation of debt or Eurobonds are not acceptable. We will continue to coordinate our position with like-minded countries."addressed Europe's leaders during Thursday's meeting and told them that the EU's economy could shrink by as much as 15% this year as a result of the coronavirus pandemic.that the European project had no future if member states failed to provide enough aid, Reuters reported.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EU leaders weigh massive virus economic recovery measuresBRUSSELS (AP) — European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care systems and the lives of around half a billion citizens across the bloc as...
Leer más »
EU leaders to take step to joint financing of post-pandemic recoveryEuropean Union leaders will move on Thursday towards joint financing of a recovery after the coronavirus pandemic by asking the European Commission to propose a fund sufficiently big to target the most affected sectors and regions.
Leer más »
Stocks pause before key EU meeting on coronavirus aidCaution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of U.S. coronavirus aid and a recovery in oil prices.
Leer más »
EU foreign policy chief chides U.S. for blocking Iran loanJosep Borrell, the EU's foreign policy chief, on Wednesday criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund
Leer más »
EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirusThe European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU's top diplomat said on Wednesday.
Leer más »
Guest view: Mutual debt is spectre haunting the EUEuropean leaders meet on Thursday to discuss how to tackle the economic costs of the pandemic. Collective borrowing is the most contentious item on the agenda. Carlo Altomonte of Bocconi University and Fabrizio Pagani of Muzinich explain how a joint “recovery fund” might work.
Leer más »