Merkel sees “will” for an agreement, but warns that it may not be achieved today

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Brussels, Jul 19 (EFE) .- German Chancellor Angela Merkel assured today that she sees “good will” to reach an agreement on the European recovery fund among the leaders of the European Union (EU), although she warned that it may not yet reached.

“We are in a decisive phase,” said the chancellor, when entering the new negotiating session on Sunday, to then insist that “different positions” persist regarding the proposal presented by the President of the European Council, Charles Michel.

“The legal questions are well worked out, but I cannot say whether or not there will be an agreement today,” added the German leader, whose country holds the current EU presidency.

“I will work to achieve it, but it may not be possible today,” insisted Merkel, who attended various bilateral or small-format meetings both yesterday and Friday together with Michel and the President of the European Commission (EC), Ursula von der Leyen .

The EU leaders continue this Sunday in Brussels to participate in the negotiations of the European economic package – the fund and the multi-annual budget -, an extension day, after several bilateral and group meetings on Saturday.

Michel proposed on Saturday to transfer 50,000 million euros less than expected for non-refundable aid to the loan chapter.

This would suppose that instead of 500,000 million in direct grants there would be 450,000, and the remaining 300,000 million would be loans.

The main opposition comes from the so-called “frugal” countries – Holland, Austria, Denmark and Sweden – which demand a more restrictive concept.

(c) EFE Agency

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