Von der Leyen's €1.76trillion EU spending plot could be crashed as Netherlands demand veto

CRUNCH talks over the European Union's proposed coronavirus bailout and next long-term budget face being derailed as the bloc's "frugal" governments demand significant cuts to the €1.76 trillion package.

European sources have said fiscally conservative governments have signalled a readiness to strike a deal at this week’s leaders’ summit in Brussels but only if the colossal spending plans are slashed in size. European Council President Charles Michel left the European Commission’s €750 billion coronavirus recovery fund untouched but cut the size of the proposed budget from €1.1 trillion to €1.07 trillion last week when he set out new plans. Finland’s...
source: Express

2020-07-13 12:47
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