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10 July 2020 The President of the European Council, Charles Michel, proposes to keep the size of the Recovery Fund intact, at € 750 billion, and to confirm the proportion between non-refundable transfers and loans, respectively 500 and 250 billion. Michel himself explained this by presenting the negotiating proposal to reach an agreement on the Recovery fund and the EU budget 2021-2027, at the summit of 17 and 18 July.

We propose "a European budget for 2021-2027 of 1.074 billion. And the reimbursements (a correction mechanism for the contribution) will be maintained for Germany, Austria, Denmark, Holland and Sweden". So the President of the European Council, Charles Michel, presenting the negotiating proposal to find an agreement on the Recovery fund and the EU budget 2021-2027. The 1.07% proposal is a compromise between 1.09% advanced in February and the request of the Frugal Countries (Holland, Denmark, Austria and Sweden) at 1.05%.

The Prime Minister Conte today in Holland where he will meet his counterpart Mark Rutte. On the table, the agreement for the Recovery Fund, to be found, according to the premier, by the month of July. "I will explain that we are in a hurry in everyone's interest," Conte told the press yesterday. "If we let the single market be destroyed, the damage will also be for Holland."