EU confident of solving blockage of budget, €750bn recovery fund ...Qatar

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The European Union’s German presidency said yesterday it was confident of finding a quick solution to Poland and Hungary’s blockage of the EU’s €1.8tn ($2.14tn) financial package to revive an economy depressed by the Covid-19 pandemic. Budapest and Warsaw vetoed the adoption of the €1.1tn 2021-2027 EU budget and the €750bn recovery fund on Monday because the budget law included a clause which makes access to money conditional on respecting the rule of law. “There is so much money involved which so many countries in the European Union need and are waiting for, that we not only need a solution but we need it quickly,” said German Foreign Minister Heiko Maas, whose country holds the rotating E

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Last updated : 18 Nov 2020 clock 12:21 AM

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EU confident of solving blockage of budget, €750bn recovery fund ...Qatar

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