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.
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