EU Summit Continues For Third Day On COVID-19 Relief Funding

EU leaders failed to reach an agreement on coronavirus recovery funding, with tensions rising among the 23 nations. The frugal Four Nations, led by the Netherlands, pushed to limit grants, causing a deadlock. Hungarian Prime Minister Viktor Orban demanded stricter conditions on spending. French President Emmanuel Macron called for compromise without losing ambition. The EU summit, initially planned for two days, extended into a third day with no resolution on the seven-year budget, totaling about $2.1 trillion.

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