The EU's extraordinary summit fund establishment talks could not be resolved due to economic recovery, July 18 9:53
The EU=European Union held an extraordinary summit meeting to rebuild the economy that was hit by the spread of the new coronavirus, and discussed the establishment of a 90 trillion yen-scale fund. Opinions were widely separated and the conclusions carried over to Day 2 consultations.
In the EU, due to the spread of the new coronavirus infection, the economic growth rate is expected to drop to minus 8.3% in the entire region, and the economic impact is remarkable.
For this reason, the EU held a temporary face-to-face summit at its headquarters in Brussels for the first time in about five months on the 17th to discuss economic restructuring measures.
The focus will be on whether each country can agree on a plan to establish a fund of 750 billion euros and a Japanese yen of 90 trillion yen. In this plan, 500 billion euros will be subsidized without obligation to repay. It will be distributed to member countries and the rest will be loans.
Italy, Spain and other countries where the spread of infection was remarkable are welcomed by this plan, which has a large share of subsidies, while countries in northern Europe, such as the Netherlands, are against it, saying that their finances will deteriorate.
For this reason, the whole meeting was frequently interrupted, and EU President Michel and others aimed to break the situation by individually meeting with the leaders of each country, but there was no compromise and the conclusion was carried over to the second day of the discussion. It was
However, it is an unfortunate situation that countries can come together at this conference.