The EU Extraordinary Summit already lasted four days

The EU Extraordinary Summit has already lasted four days due to the continuing disagreement over the recovery package for the Coronavirus-affected countries SARS-CoV-2. The meeting of the European Union leaders will continue at 17.00 Moscow time on Monday, July 20. The negotiations were originally expected to be concluded in two days. Now they are second only to the discussions at the EU Heads of State and Government meeting in Nice in December 2000, which lasted for 5 days.

The eve before, the discussion in Brussels lasted until late at night. Austria, Denmark, Finland, the Netherlands and Sweden spoke out against Brussels’ plans to allocate 500 billion euros of the 750 billion euro grant package to the countries most affected by the pandemic.

Struggle for compromises

This position caused open discontent with French President Emmanuel Macron, who called such actions “selfish”. He said he was more willing to leave the summit than to sign a “bad deal”.

In turn, European Council President Charles Michel suggested reducing the share of grants to €400 billion.

Prior to the fourth day of the summit, Dutch Prime Minister Mark Rutte announced some progress in the negotiations. According to him, the head of the European Council is working on a new proposal to combat the economic impact of the pandemic.

Another obstacle to achieving unanimity remains the position of Hungary and Poland, which do not agree to link payments to the standards of the rule of law.

In addition, the summit participants are discussing the EU budget for 2021-2027. It will amount to 1.074 trillion euros, which is 13 billion less than the head of the European Council proposed before the EU summit in February. The European Commission in its May proposal provided for a budget of €1.1 trillion.