Madrid and Rome hope that the EU will come to an agreement on anti-crisis Fund

Italy and Spain believe that the EU will be able in July to agree on the agreement on anti-crisis Fund, stated after the meeting in Madrid premiere of Pedro Sanchez and Giuseppe Conte.

"July is the month of the agreement. Must be the month of the agreement. We all have a responsibility to make sure that it was the month of the agreement," said Sanchez, commenting on the possibility of reaching agreement at the EU summit on July 17-18.

He noted that it is impossible to talk about the geographical division of Europe on this issue, because "there are countries in Northern Europe, the Central European countries which share the position, which is shared by the governments of Spain and Italy."

Conte also stated the need to develop a package of measures before the end of the month, because "it is no longer possible to postpone this decision."

"Some countries expressed their doubts, but that's okay, because in the EU 27 member countries who have different points of view. But this does not mean that it is impossible to reach a compromise between 27 countries. If Europe wants to defend its values, it must give an ambitious political response. And this is not the position only of Italy and Spain, it is the position of almost all countries. I am sure that in the end this position was supported by all," said Conte, adding that "the answer must be extraordinary and direct, which will allow you to withstand extreme crisis."

Italian Prime Minister also said that this view is shared by his Portuguese counterpart, antónio Costa, with whom he met the day before.

An extraordinary summit will be held in Brussels 17-18 July and will be devoted to the restoration Fund of the EU from the worst of the economic crisis and the related multi-annual financial framework of the EU 2021-2027 years. These issues have been discussed at the level of EU leaders, however, until a final agreement thereon is not reached.

The European Commission in late may, presented the proposal to establish a recovery Fund of the European Union from a deep crisis caused by the fight against the spread of coronavirus in the amount of 750 billion euros. This money it plans to raise in the financial markets and give countries of the Union in the form of grants (up to 500 billion euros) and loans (up to $ 250 billion). The Fund will consist of a number of support mechanisms will be temporary, it is anticipated that it will support the economy until the end of 2024. Austria, Sweden, Denmark and the Netherlands believe that 500 billion euros must also be given to the victims of the coronavirus countries in the form of loans, not grants.

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