Discussions resume “with the possible hopes of a compromise. Nothing has been decided yet, so I will remain extremely careful,” said Emmanuel Macron.
Is a way out of the European summit still possible? French President Emmanuel Macron and German Chancellor Angela Merkel on Monday expressed “hope” for an agreement on a post-coronavirus recovery plan, on the fourth day of a laborious summit in Brussels.
Discussions are resuming “with the possible hopes of a compromise. Nothing has yet been finalized, so I will remain extremely cautious,” Emmanuel Macron said on his arrival at the European Council. “Last night, after long negotiations, we found a framework for a possible deal. It is a step forward and gives hope that an agreement can be reached today, at least after “an agreement is possible,” said Angela Merkel.
Blocking with the “frugal”
The game is still as delicate as positions remain distant, especially on the question of the distribution of the 750 billion euros of the recovery plan, which should allow European economies hit by the epidemic to regain color.
The so-called “frugal” states (the Netherlands, Austria, Sweden, Denmark), with which Finland has joined, who prefer loans, repayable by each beneficiary state, to subsidies, come up against the other members of the bloc, Paris and Berlin in the lead, hostile to any agreement that would reduce the share of subsidies, symbols in their eyes of European solidarity.
Video: European summit on hiatus, negotiations on economic recovery plan stumble (Euronews)