Still long way to go on EU recovery fund deal, EU official says By Reuters

© Reuters.

BRUSSELS (Reuters) – Negotiations towards the European Union’s coronavirus recovery fund still have a long way to go before a summit of EU leaders later this month, a senior EU official involved in the talks said on Thursday.

The official, speaking on condition of anonymity, said negotiators aimed to keep carefully the size of the proposed 750 billion euro ($846.75 billion) recovery fund but to reduce the size of the EU’s multi-year budget slightly.

European Council President Charles Michel will propose a cover 2021-to 2027 of between 1.05 billion euros and 1.94 billion euros, the official said.

 

Disclaimer: Fusion Media would like to remind you that the information contained in this site is not of necessity real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices aren’t provided by exchanges but rather by market makers, and so prices may not be accurate and may change from the actual selling price, meaning prices are indicative and not befitting trading purposes. Therefore Fusion Media doesn`t bear any responsibility for just about any trading losses you might incur as a result of by using this data.

Fusion Media or anyone associated with Fusion Media will not accept any liability for loss or damage as a result of reliance on the data including data, quotes, charts and buy/sell signals contained within this web site. Please be fully informed regarding the risks and costs associated with trading the financial markets, it’s one of the riskiest investment forms possible.