Charles Michel's proposal to unlock the situation

EU Council President Charles Michel offered a compromise proposal Saturday to ease the EU donor countries' opposition to the distribution of recovery funds -- the Netherlands, Austria, Denmark, Sweden. The first day of the summit was disappointed by the blockade of Dutch Prime Minister Mark Rütte.

He demanded a veto right against payment if the reforms promised by the recipient countries are not carried out. Michel now proposes a compromise, which, along with cutting grants from 500 billion to 450 billion euros, also contains an EU mechanism in which payments in cases of contention can be halted. The total volume of the grant and credit package is further at 750 billion euros.

The Netherlands appears to have responded positively to the proposal Saturday, writes dpa. This is a serious step in the right direction, a Dutch diplomat declared. However, there are still many open questions.

At the start of the second day of the EU summit (18.07)ra in the eyes of silence. None of the leaders of EU governments and states came before cameras before the start of the summit to deliver a prognosis for the second day of negotiations. Currently, it is debated about the Corona recovery fund worth 750 billion euros and the EU financial budget by 2017 to the tune of 1100 billion euros. Silence is understood: On the first day of the summit, there was no approach to distant positions among the 27 member states and no sign of hope.

The Netherlands requires „absolute”

Friday night, Dutch Prime Minister Mark Rutte spoke of a tense atmosphere that had been roughed up even further. Rutte along with other donor countries such as Denmark, Sweden, Austria demand that grants for the recovery fund be granted only to very strict conditions. Fulfilling these conditions should be „absolutely assembled”, such as through unanimous decisions, the Dutch prime minister requested. Host countries such as Italy, Spain, Greece reject this. Italian Prime Minister Giuseppe Cote named the Dutch stance for veto as unacceptable. Austrian Chancellor Sebastian Kurz in an interview with the ORF questioned the EU-thinking financing through joint debts. A “lowers debts” should not have, Cuz said.

According to diplomats, the chairman of the summit's round, Charles Michel and EU Council President Angela Merkel, as Germany holds its next presidency, have worked out compromise proposals, which are being discussed on Saturday in working groups of EU heads of state and government. On Friday, Merkel expressed spectacularly whether to reach a solution. If this summit fails, then by the end of the month, there must be another marathon of negotiations.

French President Emmanuel Macron, and EC President Ursula von der Leyen have warned from the catastrophic economic consequences of the pandemic and have sought quick decisions. This is very important. The sum is at stake”, said von der Leeyen. Macro, on the other hand, referred to a „er of truth” for Europe.

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High hopes at this summit relate to Chancellor Merkel. She is the head of the government with more years of governing experience and for the third time participating in EU budget talks. In addition, Germany pays the main stake in the recovery fund. Perhaps for this reason, Lithuanian President Gitanas Nausdesa donated the next president, Merkel, a conductor's staff. Merkel celebrated 66 years. For an extraordinary European synophony! Heartfelt congratulations... Europe's 2020 directory, Nausdesa wrote on Twitter.