BRUSSELS (Reuters) – European Union leaders agreed on Tuesday on a package of measures to boost their economies after the coronavirus pandemic, and agreed to borrow and spend hundreds of billions of euros in the coming years and pay them with the new taxes. European Council President Charles Michel, Dutch …
Read More »EU leaders in ‘internal tranche’ for recovery deal after days of disputes
BRUSSELS (Reuters) – European Union leaders appeared to be close to agreeing on a massive stimulus plan for their coronavirus-ruined economies on Monday night after the president of his four-day summit presented a new proposal to close the gaps between them. EU Council President Charles Michel said he was confident …
Read More »The EU is at a standstill over its proposed $ 860 billion coronavirus rescue package, as a group of ‘frugal’ nations stalls the talks.
Reuters The top leaders of the European Union remain stagnant regarding the size and scope of a proposed bailout agreement for the bloc as it responds to the COVID-19 recession. An originally proposed € 750 billion ($ 860 billion) plan has failed to start as leaders continue to debate the …
Read More »EU leaders struggle with ‘mission impossible’ at stalled recovery summit
BRUSSELS (Reuters) – EU leaders found themselves at a standstill on Monday after three days of haggling over a plan to revive economies strangled by the COVID-19 pandemic, but the president of his summit nearly set a record he urged them to give one last push on “mission impossible”. Charles …
Read More »EU leaders show first signs of commitment to stimulus plan
BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were ready to commit to a 1.8 trillion euro (2 trillion) coronavirus stimulus plan on Monday as talks in Brussels they extended to a fourth day. Divided and slow to respond to the start of the coronavirus outbreak …
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