Maria is there with more. What do we know so far . It seems like they are going to be talking on the 750 billion euros stimulus. Is that rhetoric . Maria it is unclear whether we get a deal. We do know european leaders have been stuck in a room was 10 hours debating what to do with his Recovery Fund. It is clear there are three major sticking points. One has to do with the size of the Recovery Fund, how big it is going to be. Euros wouldbillion be granted as grants to countries in Southern Europe that have been badly hit by the coronavirus. That could change during the weekend. There is an issue with the format, how much this money will be in terms of grants and how much will be a typical bailout just cash for reforms. Secondly, this is becoming a major thing, the governments. Who is going to make sure a country like italy after they get this money, who is going to make sure they use it for reforms . For a country like the netherlands, for the dutch Prime Minister to whom i spoke to in
Against u. S. President dollar trump with coronavirus case the surging to new daily highs all suggest that traditional republican strongholds could be heading for among ventus change of heart. On the whole fairly welcome to the program. European Union Leaders are meeting at a key summit and brussels to try to bridge their differences over a 750000000000 Euro Recovery Fund it aims to help the bloc rebuild from the coronavirus endemic german chancellor Angela Merkel chairs the talks as germany currently holds the e. U. Councils rotating presidency and shes admitted that finding a compromise wont be easy the key Sticking Point is whether the money should be given to countries as grants or loans the main proponents of lending the money are the socalled frugal for austria sweden finland and the netherlands. Much as following the meeting and brussels for us welcome a clear statement from chancellor merkel theyre going into this crucial in u. Summit can you tell us a bit more about the compet
Urged to stay at home again as authorities move to curb a new outbreak of kobe and the cattle on capital. And as knighthood for captain tom the british war veteran whose charity walk raised millions for the National Health service. Welcome to the Program European Union Leaders are meeting at a key summit in brussels to try to bridge their differences over a 750000000000 Euro Recovery Fund it aims to help the bloc rebuild from the coronavirus endemic german chancellor Angela Merkel chairs the talks as germany currently holds the e. U. Councils rotating presidency and shes admitted that finding a compromise wont be easy the key Sticking Point is whether the money should be given to countries as greg. Or loans the main proponents of lending the money are the socalled frugal for austria sweden finland and the netherlands. Joining me now from our studio in brussels is Felipe Lembergs hes a member of the European Parliament for the Green Party Mr lamberts how optimistic are you that leaders
Almost with coronavirus cases surging to new highs on a daily basis now poll suggests that even traditional republican strongholds could be heading for a change of heart. As welcome to the Program European Union Leaders are meeting in brussels to try to bridge their differences over a 750000000000 Euro Recovery Fund which aims to help the bloc rebuild from the coronavirus pandemic germanys chancellor Angela Merkel chairs the talks as germany currently holds the e. U. Cancels rotating presidency and shes admitted that finding a compromise wont be easy the key Sticking Point is whether the money should be given to countries as grants or as loans the main proponents of lending the money other for so called for. Will fall thats sweden finland and the netherlands. Joining me now from our studio in brussels is about is the copresident of the european greens how optimistic are you that leaders will be able to reach an agreement on that we cover a fund at this summit to be done terry honest i
More than 3 higher. Shares in astrazeneca hit a record high as the giant prepares to release positive news on the covid19 vaccine and julius bar with a drop in assets under management but a record high net profit and stresses it is well prepared for a challenging second half. European leaders remain deadlock after a drawn out three day summit over the budget and recovery they will resume talks today over how to allocate the money and urging his colleagues to approve the Recovery Fund, italian Prime Minister pushed for unity emphasizing that the pandemic has effected the whole block. Were going through a stalemate. This looks like its very complicated. More complicated than expected theres many issues were discussing and were not yet able to resolve and i have invited all eu leaders to converge to approve the next generation eu which is a plan for european recovery. Over the weekend a lot of negative headlines around the stick point, the size of the fund, between grants and loans and no