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6/20/20

EU: Frugality and short sightedness strikes again: No breakthrough as EU divisions remain over €750bn COVID-19 recovery plan

On one side, the EU's four biggest economies — Germany, France, Italy and Spain — who back the European Commission's plan and four nations who don’t, the so-called "frugal four": Austria, The Netherlands, Sweden and Denmark.

Leaders of EU countries had a virtual meeting on Friday but there was no breakthrough. They plan to get together again in July.

The discussions were “positive” with them agreeing that the “severity of this crisis justifies an ambitious common response", said Ursula von der Leyen, president of the European Commission. Many leaders agreed that the EU needed an agreement soon.

Read more at:  No breakthrough as EU divisions remain over €750bn COVID-19 recovery plan | Euronews

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