Revised Coronavirus Recovery Fund to Break Deadlock among EU Leaders

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) 

Source: https://uk.reuters.com/article/uk-eu-summit-proposal/eus-michel-rejigs-recovery-fund-plan-to-break-summit-deadlock-idUKKCN24J0CV

https://www.reuters.com/article/us-eu-summit-dutch-diplomat/dutch-diplomat-says-new-eu-recovery-fund-proposal-step-in-right-direction-idUSKCN24J0F7