The new proposal on the EU’s coronavirus recovery fund was deemed “a serious step in the right direction” by a Dutch diplomat on July 18.
Demands from the Netherlands left EU leaders in a deadlock as the bloc struggled to narrow differences over the proposed mass stimulus.
"In the end, this is a package and there are many more issues to solve. But the proposals on governance as put forward by (European Council President Charles) Michel is a serious step in the right direction. Many issues remain and whether we get there will depend on the next 24 hours," the diplomat said.
(Writer: Francesco Guarascio, Gabriela Baczynska | Editor: John Chalmers)
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