‘The stakes couldn't be higher,’ European Commission President Ursula von der Leyen said as EU leaders met in Brussels for summit talks on a multi-billion-euro plan to breathe life into their economies
The 27 leaders, all masked up, greeted each other with elbow bumps rather than their customary cheek kisses and handshakes, and there were birthday gifts for German Chancellor Angela Merkel and Portuguese Prime Minister Antonio Costa.
Dutch opposition and a threat of a Hungarian veto weigh on the chances for a deal on the EU’s 2021-27 budget, envisaged at slightly above 1 trillion euros , and an attached new recovery fund worth 750 billion euros, meant to help rebuild southern economies most affected by the crisis.The 27 EU heads gathered in a room in the Brussels EU headquarters equipped with hand sanitisers and disinfected headsets. Unusually, as a health precaution, there were no journalists in the building.
European Union leaders take part in the first face-to-face EU summit since the coronavirus disease outbreak, in Brussels, Belgium July 17, 2020. REUTERS/Francois Lenoir/Pool After months of feuds over medicines, medical gear, border closures and money, the EU has already agreed a half-a-trillion-euro scheme to cushion the first hit of the coronavirus crisis, and narrowed some differences over how to finance kick-starting economic growth over the long term.
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