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World

THE CROATIAN PRESIDENCY IS ABOUT TO END 19. 06. 2020.   >>  17:39 0

THE CROATIAN PRESIDENCY IS ABOUT TO END

An agreement on the EU budget is not expected

EU leaders convened today for a virtual summit focused on the bloc’s budget for the next seven years, coupled with a proposed 750 billion euro fund to support economic recovery from the Covid-19 pandemic.

The European Union faces its biggest recession in the bloc's 63-year history, and member states are under pressure to look beyond their own borders and to find ways to lift the whole continent.‚

On the table at Friday's virtual summit is a proposal from European Commission chief Ursula von der Leyen for a 750-billion-euro ($840bn) rescue fund that, if accepted, would mark an historic milestone for EU unity.
Ahead of the virtual meeting, which is also the last during Croatia's presidency of the EU Council, Prime Minister Andrej Plenkovic said that there would be no final agreement on the budget today.

"We will identify the positions of individual countries, there are several so-called frugal-countries with which we need to talk about the conditions. I think the majority is very inclined to the European Commission's (EC) proposal because it shows that the EU stands by citizens in all member states after this unprecedented crisis." Plenkovic said.
He also says that he believes that discussions to reach necessary agreements will start as early as the beginning of the German presidency, so that "everything can be in function at the beginning of January 2021."

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