July 2020 \ News \ EUROPEAN UNION
EU’s economic recovery plan summit

European Union (EU) leaders in June gathered for a virtual ...

                                                         Ms Ursula von der Leyen

Member states agree that a post-pandemic recovery plan is needed but there are disagreements over several details such as the amount of money spent and implementing stricter terms and conditions on the allocation of funds, a move backed by the so-called Frugal Four: Austria, Denmark, Sweden and The Netherlands. The four-member states spearheaded by Dutch Prime Minister Mark Rutte are opposed to the concept of mutualized debt which would be covered by the EU collectively and instead back countries being issued loans to be paid back.




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