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EU recovery fund plan hangs in balance at deadlocked summit

From reuters.com

A European Union plan to breathe life into economies throttled by the coronavirus pandemic hung in the balance on Sunday as leaders quarrelled over the level of spending on the third day of a summit. The resumption of negotiations in Brussels was delayed until at least 4:00 p.m. (1400 GMT) while the 27 EU member states sought a compromise to win over “frugal” wealthy northern countries. German Chancellor Angela Merkel said an agreement might be beyond their reach. Austrian Chancellor Sebastian Kurz, said later that a deal was in reach but there was still “a way to go” at a summit where participants wore protective ... (full story)

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