EU leaders are moving towards cutting recovery fund, postpone negotiations until evening

  • 2020-07-20
  • LETA/BNS/TBT Staff
VILNIUS - As EU leaders continue marathon negotiations on the economic recovery fund, the European Council president has on Monday proposed reducing the package's part coronavirus-hit countries would receive as grants they would not need to repay. The recovery plan submitted for the summit is worth 750 billion euros, including 250 billion euros in loans and 500 billions euros in grants. The countries would not have to repay the grants. On Monday morning, European Council President Charles Michel said he's proposing reducing the grant part to 390...
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