EU Leaders Summit July 17-18 On Virus Recovery Package
The leaders of the 27 EU member states will meet in Brussels on July 17, their first physical summit since the coronavirus lockdown began, to discuss an economic recovery package.
The proposed package consists of 500 billion euros in grants — a suggestion of France and Germany — and 250 billion euros in loans, to help businesses recover from an unprecedented crunch. The Netherlands, Austria, Denmark and Sweden insist that loans with tough conditions attached, rather than grants, should be the prefered method of rescue and are not in a rush to make a deal.
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