In their first face-to-face since the pandemic exploded, European Union leaders hope to hammer out a 1.85 trillion euro ($2.1 trillion) EU budget and COVID-19 recovery plan.
France's President Emmanuel Macron arrives Friday for a European Union meeting in Brussels, where leaders of the 27-member bloc will hold their first face-to-face summit since the pandemic to discuss a COVID-19 economic rescue plan.France's President Emmanuel Macron arrives Friday for a European Union meeting in Brussels, where leaders of the 27-member bloc will hold their first face-to-face summit since the pandemic to discuss a COVID-19 economic rescue plan.
The economies of the so-called"Frugal Four" — Netherlands, Sweden, Denmark and Austria — are expected to be spared the worst of the economic carnage. They are determined that no bailout be approved without strict conditions requiring heavily indebted members to carry out economic reforms under the watchful eye of the European Commission.
"The crisis brought about by this pandemic, with all of its economic and social consequences, is the most severe we have had to face since the Second World War," European Council President and summit host Charles Michel said late Thursday. But Latvia's Prime Minister Arturs Karins said that the summit could go longer if it meant a deal was possible."We want a result and we will continue working until we get that result," he said, suggesting that the meeting could go through Sunday.
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