EU summit: Merkel warns of no deal on coronavirus recovery fund
4 years, 5 months ago

EU summit: Merkel warns of no deal on coronavirus recovery fund

Al Jazeera  

Talks on rescue package could fail, says German Chancellor as bickering leaders meet for a third day. European Union leaders may not reach a deal on a coronavirus stimulus plan on Sunday, German Chancellor Angela Merkel warned as marathon negotiations ran into a third day and acrimony mounted over the demands of rich but thrifty countries. Germany and France, the EU’s powerbrokers, are seeking a deal on a 1.8 trillion-euro economic recovery package to rescue the bloc’s economies, which are facing their worst recession since World War II. Meanwhile, Hungarian Prime Minister Viktor Orban said there were four broad divisive themes in the talks on the recovery package but that the gathering was determined to seal a deal on Sunday. ‘Make-or-break’ moment In their first face-to-face summit since the outbreak of the coronavirus in Europe, leaders wearing face masks have framed the summit as a “make-or-break” moment for nearly 70 years of European integration.

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History of this topic

How might Merkel’s successor manage Germany’s role in the EU?
3 years, 3 months ago

How might Merkel’s successor manage Germany’s role in the EU?

Al Jazeera  

The German election comes at a critical time for the bloc, which is grappling with the pandemic, defence issues and the rise of illiberalism. Their discussions in the Elysee palace touched on the EU’s pandemic recovery package, climate change and defence policy – all priorities for Angela Merkel’s successor. “ ensure that there is no division between north and south …

EU nations approve a dozen pandemic recovery plans
3 years, 5 months ago

EU nations approve a dozen pandemic recovery plans

The Hindu  

approved the pandemic recovery plans of the bloc's four biggest economies and eight other member countries Tuesday, a move seen as a bellwether for an economic revival from the unprecedented recession caused by the coronavirus pandemic. In the case of France, which is to get some 40 billion euros USD 47.3 billion from the pandemic recovery fund, that would amount …

EU nations approve a dozen pandemic recovery plans
3 years, 5 months ago

EU nations approve a dozen pandemic recovery plans

Associated Press  

BRUSSELS — European Union nations approved the pandemic recovery plans of the bloc’s four biggest economies and eight other member countries Tuesday, a move seen as a bellwether for an economic revival from the unprecedented recession caused by the coronavirus pandemic. In the case of France, which is to get some 40 billion euros $47.3 billion from the pandemic recovery …

The political fringes fire at Rutte, but EU recovery fund support is assured
4 years, 3 months ago

The political fringes fire at Rutte, but EU recovery fund support is assured

Dutch News  

Prime minister Mark Rutte was criticised by far right and Socialist MPs during Wednesday evening’s debate on the EU €750bn recovery fund, but he was still assured of sufficient support for the Dutch position in the negotiations. In particular, the anti-immigration PVV and FvD said that Rutte had wrongly voted to give billions of euros to ‘poor’ member states. Roelof …

The political fringes fire at Rutte, but EU recovery fund support is assured
4 years, 3 months ago

The political fringes fire at Rutte, but EU recovery fund support is assured

Dutch News  

Prime minister Mark Rutte was criticised by far right and Socialist MPs during Wednesday evening’s debate on the EU €750bn recovery fund, but he was still assured of sufficient support for the Dutch position in the negotiations. In particular, the anti-immigration PVV and FvD said that Rutte had wrongly voted to give billions of euros to ‘poor’ member states. Roelof …

Dutch PM criticized over EU Covid recovery fund
4 years, 4 months ago

Dutch PM criticized over EU Covid recovery fund

NL Times  

Prime Minister Mark Rutte faced a lot of criticism in the parliamentary debate on the European Union coronavirus recovery fund. The recovery fund will contain 750 billion euros - 390 billion euros in subsidies, and 360 billion in loans to individual countries. The D66 was critical of the months of arguments and fights that preceded the agreement on the recovery …

EU agrees on $2.1 trillion deal after marathon summit
4 years, 5 months ago

EU agrees on $2.1 trillion deal after marathon summit

Associated Press  

BRUSSELS — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. Merkel added: “We have laid the financial foundations for the EU for the next seven years and came up with a response to this …

European Union leaders reach deal on 750 billion euro recovery fund
4 years, 5 months ago

European Union leaders reach deal on 750 billion euro recovery fund

Live Mint  

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day. Officials said the deal, which came after Michel presented compromises on a 750 billion euro recovery fund, is critical to dispel doubts about the bloc's …

What the EU's coronavirus rescue fund deal means for Brexit
4 years, 5 months ago

What the EU's coronavirus rescue fund deal means for Brexit

The Telegraph  

Angela Merkel keeps her cards close to her chest but, when the German Chancellor lays them on the table, all of the EU’s leaders sit up and take notice. On the fifth day of tense summit talks EU heads of state and government agreed in the early hours of Tuesday morning to an unprecedented €750billion coronavirus rescue fund and a …

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up
4 years, 5 months ago

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up

Dutch News  

The EU summit on a coronavirus bailout package ended early on Monday morning without success so far, reports NOS. ‘The conversations last night made progress on a few things,’ prime minister Mark Rutte said in a briefing on Monday morning. ‘It looks a bit more hopeful than when I thought last night: it’s over.’ The heads of all 27 EU …

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up
4 years, 5 months ago

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up

Dutch News  

The EU summit on a coronavirus bailout package ended early on Monday morning without success so far, reports NOS. ‘The conversations last night made progress on a few things,’ prime minister Mark Rutte said in a briefing on Monday morning. ‘It looks a bit more hopeful than when I thought last night: it’s over.’ The heads of all 27 EU …

Still no deal on EU coronavirus recovery fund; Debate continues today
4 years, 5 months ago

Still no deal on EU coronavirus recovery fund; Debate continues today

NL Times  

After a weekend of tense discussions on an economic recovery fund to help European Union countries hit hard by the coronavirus pandemic, the 27 EU leaders still have not come to an agreement. Dutch Prime Minister Mark Rutte said that European Council president Charles Michel is working on a new compromise "and progress is being made", but added that the …

EU extends summit after deadlock over coronavirus recovery plan
4 years, 5 months ago

EU extends summit after deadlock over coronavirus recovery plan

Al Jazeera  

European Union leaders failed to agree on a massive stimulus fund to revive their coronavirus-hammered economies on Saturday after two days of fraught negotiations, but extended their summit for another day to try and overcome their differences. As the 27 leaders scurried back to their hotels after a late, inconclusive dinner, German Chancellor Angela Merkel and French President Emmanuel Macron …

EU coronavirus fund debate enters third day after tense night
4 years, 5 months ago

EU coronavirus fund debate enters third day after tense night

NL Times  

Negotiations about the form of an immense coronavirus recovery fund started up again on Sunday after the debate between European Union leaders grew tense the previous night. A report from broadcaster RTL Nieuws told of Dutch Prime Minister Mark Rutte standing firm on those issues, prompting French leader Emmanuel Macron to "frenziedly" leave talks with the group. German Chancellor Angela …

EU leaders far from deal on budget and virus recovery fund
4 years, 5 months ago

EU leaders far from deal on budget and virus recovery fund

Associated Press  

BRUSSELS — European Union leaders headed into Saturday, the scheduled final day of their summit, about as far apart from reaching a deal on an unprecedented 1.85 trillion euro EU budget and coronavirus recovery fund as the seating distance imposed upon them for health reasons. After two full sessions, summit host and European Council President Charles Michel worked with individual …

The stakes couldn’t be higher: EU recovery plan summit under way
4 years, 5 months ago

The stakes couldn’t be higher: EU recovery plan summit under way

Live Mint  

European Union leaders met on Friday for tense summit talks on a multi-billion-euro plan to breathe life into their economies, their first face-to-face meeting since the coronavirus pandemic plunged the bloc into its latest crisis. 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 …

Angela Merkel tells EU to prepare for no trade deal Brexit
4 years, 6 months ago

Angela Merkel tells EU to prepare for no trade deal Brexit

The Telegraph  

Angela Merkel said the EU should be prepared for a no trade deal Brexit on Wednesday, the day after Boris Johnson warned the German chancellor that Britain was "ready" to walk away without an agreement. "I will continue to push for a good solution, but we should also prepare for a possible no deal scenario," Mrs Merkel said in the …

EU coronavirus recovery negotiations will take time, cautions Dutch PM
4 years, 7 months ago

EU coronavirus recovery negotiations will take time, cautions Dutch PM

Dutch News  

The Netherlands is involved in ‘intensive and constructive’ contact with other EU countries and members of the European Commission about plans to set up a multi billion euro coronavirus recovery fund, prime minister Mark Rutte told reporters on Wednesday evening. Encouraged Austria’s chancellor Sebastian Kurz told Politico.eu that he and the other leaders of the frugal four group have been …

EU coronavirus recovery negotiations will take time, cautions Dutch PM
4 years, 7 months ago

EU coronavirus recovery negotiations will take time, cautions Dutch PM

Dutch News  

The Netherlands is involved in ‘intensive and constructive’ contact with other EU countries and members of the European Commission about plans to set up a multi billion euro coronavirus recovery fund, prime minister Mark Rutte told reporters on Wednesday evening. Encouraged Austria’s chancellor Sebastian Kurz told Politico.eu that he and the other leaders of the frugal four group have been …

€750bn plan to fund recovery is 'defining moment' for Europe
4 years, 7 months ago

€750bn plan to fund recovery is 'defining moment' for Europe

The Telegraph  

Speaking to the European Parliament in Brussels, Mrs der Leyen said: “Today we face our very own defining moment. The plan requires unanimous support among the 27 EU member states and is opposed by fiscally conservative member states. That stance has reopened wounds left from the financial crisis among some southern member states, which were forced to swallow tough terms …

The EU is still divided over coronavirus relief. That could tear it apart
4 years, 7 months ago

The EU is still divided over coronavirus relief. That could tear it apart

CNN  

London CNN Business — A fight over how to fund the European Union’s recovery from the coronavirus pandemic is stoking tensions between wealthier and poorer countries, threatening to delay the region’s economic rebound and unleash political and financial forces that could pull the bloc apart. If we have another asymmetric recovery, then it will be very bad for the EU.” …

Germany and France propose 500 billion euro EU recovery fund
4 years, 7 months ago

Germany and France propose 500 billion euro EU recovery fund

CNN  

London CNN Business — Germany and France unveiled an initiative Monday aimed at rescuing the European Union from the toughest crisis in its history and bridging the deep national divisions that have stalled progress on a pandemic recovery fund. After meeting via videoconference, German Chancellor Angela Merkel and French President Emmanuel Macron proposed the creation of a recovery fund worth …

France and Germany back €500bn fund to help save EU
4 years, 7 months ago

France and Germany back €500bn fund to help save EU

The Telegraph  

France and Germany have proposed a €500bn recovery fund for struggling European Union economies as they battle to quell bitter infighting over the bloc's halting response to the Covid-19 catastrophe. Under new plans presented by French president Emmanuel Macron and German chancellor Angela Merkel, the 27 EU members would borrow jointly on financial markets to offer grants rather than loans …

New EU talks on kick-starting economies will take time, says Rutte
4 years, 8 months ago

New EU talks on kick-starting economies will take time, says Rutte

Dutch News  

European leaders are holding a new round of talks on Thursday to discuss ways to bail the EU out financially due to the coronavirus crisis, but Dutch prime minister Mark Rutte has told MPs he does not expect a speedy conclusion. ‘That is going to generate a lot of discussion,’ Rutte told MPs on Wednesday evening. ‘These are politically sensitive …

New EU talks on kick-starting economies will take time, says Rutte
4 years, 8 months ago

New EU talks on kick-starting economies will take time, says Rutte

Dutch News  

European leaders are holding a new round of talks on Thursday to discuss ways to bail the EU out financially due to the coronavirus crisis, but Dutch prime minister Mark Rutte has told MPs he does not expect a speedy conclusion. ‘That is going to generate a lot of discussion,’ Rutte told MPs on Wednesday evening. ‘These are politically sensitive …

Netherlands again criticized for lack of solidarity ahead of EU summit
4 years, 8 months ago

Netherlands again criticized for lack of solidarity ahead of EU summit

NL Times  

The European Union government leaders are meeting, via video call, on Thursday to discuss the so-called economic recovery fund to help EU economies recover after the coronavirus crisis. Over the past days, several politicians, including Italian Prime Minister Giuseppe Conte, again criticized the Netherlands for not showing solidarity with hard-hit countries. And that attitude is unlikely to change after today's …

Europe has a rescue package. But who’s going to pay for its coronavirus recovery?
4 years, 9 months ago

Europe has a rescue package. But who’s going to pay for its coronavirus recovery?

CNN  

London CNN Business — EU finance ministers have approved €500 billion in stimulus measures designed to cushion the blow to their economies from the coronavirus pandemic, while leaving open the difficult question of how to pay for the region’s recovery. The deal was announced Thursday after weeks of back and forth over how to address the crisis, a bruising process …

EU finance ministers fail to agree on corona crisis funding
4 years, 9 months ago

EU finance ministers fail to agree on corona crisis funding

Dutch News  

Video talks between EU finance ministers on finding a solution to fund the corona crisis carried on deep into the night but ended without resolution as divisions between the Netherlands and Italy continued. Italy is known to be keen to use the European Stability Mechanism to help pay for the crisis, but Dutch finance minister Wopke Hoekstra is among those …

EU finance ministers fail to agree on corona crisis funding
4 years, 9 months ago

EU finance ministers fail to agree on corona crisis funding

Dutch News  

Video talks between EU finance ministers on finding a solution to fund the corona crisis carried on deep into the night but ended without resolution as divisions between the Netherlands and Italy continued. Italy is known to be keen to use the European Stability Mechanism to help pay for the crisis, but Dutch finance minister Wopke Hoekstra is among those …

Dutch Finance Min. optimistic about a deal on European coronavirus bailout
4 years, 9 months ago

Dutch Finance Min. optimistic about a deal on European coronavirus bailout

NL Times  

After over 16 hours of discussions overnight, the European Ministers of Finance still could not come to an agreement on a financial support package of 540 billion euros for countries hit hardest by the coronavirus. Dutch Minister Wopke Hoekstra of Finance is optimistic that a deal will eventually be reached, but is still sticking to the Netherlands' firm stance against …

EU ministers fail to agree virus economic rescue in lengthy talks
4 years, 9 months ago

EU ministers fail to agree virus economic rescue in lengthy talks

Al Jazeera  

Sixteen-hour all-night talks fail to produce results, with a reported clash between Italy and the Netherlands. European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies, and their chairman said on Wednesday morning he was suspending the discussions until Thursday. The Dutch say ‘no’.” An official who participated in the talks said at …

Netherlands' friendship with Italy not endangered by conflict over coronavirus aid: Italian PM
4 years, 9 months ago

Netherlands' friendship with Italy not endangered by conflict over coronavirus aid: Italian PM

NL Times  

The relationship between Italy and the Netherlands has not deteriorated due to the lack of European support to save the Italian economy, Italy's Prime Minister Giuseppe Conte said in an interview with the Telegraaf. Northern EU Members States like the Netherlands and Germany are currently holding back a European emergency fund for dealing with the coronavirus crisis. But not before …

PM Rutte denies blocking EU emergency fund for Covid-19 out of selfishness
4 years, 9 months ago

PM Rutte denies blocking EU emergency fund for Covid-19 out of selfishness

NL Times  

When the leaders of the EU Member States could not agree on a 400 billion euros emergency fund to absorb the blows of the coronavirus, there was criticism from other EU countries that the Netherlands was thinking only of itself in blocking this fund. The European leaders discussed the so-called European Stability Mechanism, the emergency fund containing 400 billion euros, …

Netherlands will not contribute more to EU budget, Dutch PM says
4 years, 11 months ago

Netherlands will not contribute more to EU budget, Dutch PM says

NL Times  

The Netherlands does not intend to contribute more to the European Union budget in the coming years, Prime Minister Mark Rutte said to EU president Charles Michel at a meeting in Brussels on Wednesday. The Netherlands together with Austria, Sweden, Denmark and Germany - called the "frugal five" by Rutte - wants to make cuts to the EU budget, instead …

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