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

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

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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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