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EU summit may not reach recovery fund deal: Merkel


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EU summit may not reach recovery fund deal: MerkelGerman Chancellor Angela Merkel said Monday it is unclear whether EU leaders will reach agreement on a 750-billion-euro pandemic recovery fund at this week’s summit, amid resistance from more frugal member states. “The road that we have to tread is still rocky,” said Merkel ahead of Friday’s EU special summit. “Because the task is enormous, the answer must also be huge,” she said, after hosting Italian Prime Minister Giuseppe Conte for talks.

German Chancellor Angela Merkel said Monday it is unclear whether EU leaders will reach agreement on a 750-billion-euro pandemic recovery fund at this week’s summit, amid resistance from more frugal member states. “The road that we have to tread is still rocky,” said Merkel ahead of Friday’s EU special summit. “Because the task is enormous, the answer must also be huge,” she said, after hosting Italian Prime Minister Giuseppe Conte for talks.