The draft recovery plan was hit Friday by the inflexibility of the northern states. The Netherlands, Austria, Denmark and Sweden opposed this project which is supposed to save the economy of the European Union. These so-called "frugal" countries have reservations about this proposal, which should primarily benefit Italy and Spain, two states very affected by the coronavirus pandemic. But according to the refractory countries, they are also the two most lax countries in budgetary matters.
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The exchanges became tense
After more than seven hours of discussions deemed "constructive" by several sources, the 27 met for a dinner where the discussions were tense. In first position, the Netherlands whose position is considered too hard on the control of funds that could be distributed. At the heart of the discussions, the famous 750 billion euro plan financed by a joint loan. This proposal initiated by the German Chancellor and Emmanuel Macron is made up of 250 billion loans, and 500 billion in grants, which will not have to be repaid by the beneficiary states.
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A veto
Mark Rutte, the Prime Minister of the Netherlands, demands that the reform plans of each state be validated unanimously by the 27, and not by qualified majority . In other words, he wants a veto, a request that he is the only one, according to several sources, to make. If the other "frugal" have not followed Mr. Rutte on the right of veto, they retain their reluctance, in particular on the envelope of subsidies, which they want to reduce.
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The summit should resume on Saturday at 11 a.m.