The head of the European Council talked about the differences in EU recovery Fund

The President of the European Council Charles Michel told the European Parliament on progress in the negotiations on the multi-year financial plan for the 2021-2027 years and to Fund European economic recovery after the crisis COVID-19, noting that differences remain.

"States have agreed to discuss together multi-year financial plan and Fund recovery. All agree that there must be an unprecedented response to an unprecedented crisis. All agree that it is necessary to focus on regions and sectors of the economy, more than any other affected by the pandemic," said Michelle.

Thus, according to him, still serious differences. "Still disagreement on the amount of the Fund. The question of the balance of grants and loans also remains problematic for a number of countries", - said the head of the European Council.

He explained that a number of countries also do not see a direct connection between the current proposal to Fund and pandemic COVID-19 and its real consequences. "They believe that the proposals are based on outdated data that did not include the effects of the pandemic, particularly on the issue of unemployment... there is Also no agreement on the linking of the restoration Fund with the ongoing reforms, government law," said Michelle.

The President of the European Council reported that it held a first round of bilateral negotiations with leaders of European countries to Fund recovery, and financial plan. "They were challenging, but always constructive... We will never reach agreement if one does not agree to make a step forward," said Michelle.

Earlier, German Chancellor Angela Merkel, speaking in the European Parliament, acknowledged that when discussing the recovery plan agroekonomika "everyone needs to compromise".

An extraordinary summit will be held in Brussels 17-18 July and will be dedicated to the recovery Fund and the EU multi-annual financial framework for the years 2021-2027. 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, submitted a proposal for the establishment of a Fund to restore the EU economy after the crisis caused by the fight against the spread of coronavirus in the amount of 750 billion euros. These funds will be drawn on 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).

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.

Recent data on the situation of COVID-19 in Russia and the world presented on the portal stopmanager.of the Russian Federation.