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The European Union has recognized the existence of differences in the recovery after the crisis

Differences still remain with the member States of the European Union on various aspects of the recovery plan of the EU economy on the eve of the first face-to-face summit after the start of the pandemic coronavirus on July 17-18 in Brussels, told reporters on Thursday a senior representative of the European Union.

"There is no assurance that we will be able to reach an agreement. There are too many contradictions" - said the European official.

According to him, the differences relate to the volume of many years of the financial plan of the EU 2021-2027 years, the balance between grants and loans, criteria for the provision of assistance to States.

The EU representative explained that the European Council can make a new proposal for a recovery plan and multi-year EU budget, on the basis of the positions of member States, which will be announced during the summit.

Earlier, the head of the European Council Charles Michel has published its proposals for recovery Fund and the multi-year budget plan of the EU. Initially, the project Fund and budget was prepared by the European Commission, but because of objections of several States Michelle after a series of bilateral consultations has made some changes.

We are talking about a recovery plan of € 750 billion, 500 billion of which will be issued in the form of grants, and $ 250 in the form of loans. These funds, the European Commission plans to raise on financial markets on behalf of the EU.

According to the proposal of the head of the Council of Europe, 70% of the Fund's recovery should be used in 2021 or 2022 on the basis of the criteria of the EC. Another 30% can be used in 2023 depending on economic indicators of particular countries. All funds of the Fund in any case must be mastered to 2026.

Also at the summit will discuss the financial plan of the EU 2021-2027 years in the amount of 1,074 trillion euros.

According to European media, the contradictions remain between the North and the South of Europe for the ratio of grants and loans in the recovery plan. In particular, Austria, the Netherlands, Sweden and Denmark are more supportive of credit allocation, while the most affected by the pandemic Italy and Spain rely on subsidies.

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