MoneyPresident of the European Council suspends meeting until 4...

President of the European Council suspends meeting until 4 pm

Leaders went to rest after more than 18 hours of negotiation during which they have yet to reach a global agreement to respond to the crisis.

The President of the European Council, Charles Michel, decided to suspend the work of the extraordinary summit convened for the 27 heads of state and government of the European Union to give their agreement to a global package for the recovery of the economy from the crisis of the new coronavirus, worth 1.8 billion euros.

After 18 hours of intense negotiations , which on several occasions were close to collapse, Charles Michel decided to give the leaders some time to rest, before a new confrontation starting at 4 pm, when the session will resume.

When work was halted, there seemed to be an understanding among the 27 to reduce the grant component of the next recovery fund to € 390 billion, significantly less than the original proposal of € 500 billion and slightly below the red line of 400 billion euros that the countries of the South, most affected by the pandemic, but also France and Germany, had designated as the minimum allowable amount to avoid reductions in the national envelopes of the member states.

Media player poster frame 0%Volume
The proposal has not yet been officially adopted, but European sources have confirmed to the PUBLIC that they have already earned the agreement of the 27.

Florent Malicehttps://www.newsalarms.com/
Malice is an Irish sports journalist and former amateur and part-time road bicycle racer, He wrote for The Sunday Times newspaper and others, and published a number of books.

Latest news

Pandemics Pollution Ancient Solution 07/27

Miami, Florida, 28th July 2021, ZEXPRWIRE, Dr. Charles Gerber, leading virologist found the Human coronavirus 229E, was stopped in...

Facemade: The Gua Sha Key to Heavenly Beauty

California, USA, 28th July 2021, ZEXPRWIRE – Product Overview: Gua sha is a traditional Chinese healing method in which a trained...

Michiana Women Entrepreneur Community is Coming Together to Celebrate & Shop Women Entrepreneur Small Business Spotlight Showcase Event

South Bend, Indiana, 27 July 2021, ZEXPRWIRE, The women entrepreneurs in Michiana are meeting up in the Riverpark neighborhood...

C-Pacific Ventures to Launch a Crypto DeFi Platform

Kowloon, Hong Kong, 27 July 2021, ZEXPRWIRE, C-Pacific Ventures, an early-stage venture capital firm, is launching a decentralized finance platform...

RegTech Start-ups as a credible gateway for institutional investors to get into DeFi

Hong Kong, 27th July 2021, ZEXPRWIRE – RegTech start-ups powered by blockchain see significant interest from Venture Capitalists and...

Minorities come together to bring a new whiskey to the Arizona Market

Fuego Fino, Inc. partners with two Indian-American brothers to bring a new whiskey to the Arizona market.Tucson, AZ, 27...

Must read

How you can use cryptocurrency for your benefit in 2021

Using cryptocurrencies A cryptocurrency or online currency is digital money....

Xiaomi and Mercedes-AMG Petronas present limited Formula 1 e-scooters

So far, e-scooters have not really impressed with their...

You might also like
Recommended to you