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EU leaders meet in bid to break Covid-19 fund deadlock

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www.rte.ie

EU leaders will meet for a third successive day this morning in an attempt to break several deadlocks over a multi-billion euro Covid-19 recovery fund.

Agreement has been held up by deep divisions over the nature of the fund, initially proposed to be €750 billion, and the conditions attached.

This is turning into a marathon negotiation. One on side are those countries who want to make a larger part of the money repayable, and to place strict conditions on how the fund is spent.

On the other are the countries worst hit by the pandemic and who argue that piling more debt on their economies would be counter productive.

Read more on rte.ie
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