BRUSSELS (Reuters) – Settlements towards the European Union’s coronavirus recovery fund still have a long way to go before a top of EU leaders later on this month, a senior EU official associated with the talks said on Thursday.
The authorities, speaking on condition of privacy, stated arbitrators aimed to keep the size of the proposed 750 billion euro ($84675 billion) recovery fund but to reduce the size of the EU’s multi-year spending plan a little.
European Council President Charles Michel will propose a spending plan for 2021- to 2027 of in between 1.05 billion euros and 1.94 billion euros, the official stated.
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