EU Corona "Reconstruction Fund" Proposal to Establish Discussion Difficult July 21 12:06
The EU=European Union has been talking all night about a plan to establish a fund worth more than 90 trillion yen in order to rebuild the economy hit by the spread of the new coronavirus, but it is still difficult. If we cannot reach an agreement, the divisions of each country will be highlighted again, and the EU is at a critical moment.
The EU has been holding a summit meeting at its headquarters in Brussels, Belgium from the 17th, and plans to establish a fund of 750 billion euros and a Japanese yen surplus of over 90 trillion yen in order to rebuild the economy that has been hit hard by the spread of infection. Are discussing.
In the original plan, out of 750 billion euros, two-thirds, or 500 billion euros, was allocated to member countries as subsidies without repayment obligations, and the rest was financed. Talks are difficult, as Austria insisted on reducing subsidy rates.
For this reason, EU President Michelle presented a new proposal to each country on the 20th, including measures such as reducing the subsidy rate. After that, President Michelle interrupted the plenary session and held individual talks with the leaders of each country even during the local unclear hours, trying to resolve the situation all night.
Failure to agree on the establishment of a fund will not only affect the recovery of the European economy, but will also highlight the fragmentation of each country, and the EU is at a critical moment.