Merkel downbeat on chances of deal as EU budget summit begins

1 year ago 21

Leaders’ differences over €1.8tn budget and recovery package ‘still very large’, German chancellor says

EU leaders were poles apart on the terms of a €1.8tn (£1.6tn) budget and recovery package as they met for the first time in five months on Friday, with Angela Merkel warning of the possibility of talks dragging into a second destabilising summer summit.

Spain’s prime minister, Pedro Sánchez, told fellow leaders in Brussels they had an “obligation” to agree on a response to an economic downturn unparalleled since the Great Depression.

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