EU leaders are continuing discussions at the summit on the crisis Fund

The EU leaders continue to consult in the narrow formats in the framework of the summit on the crisis Fund and long-term EU budget, the plenary session with the participation of leaders of all 27 countries of the Union is delayed and will start no earlier than 17 GMT, wrote on Twitter Barend Leitz, press Secretary of the head of the European Council of Charles Michel.

According to his information, Michelle continues to meet with the leadership of individual countries of the Union, now there is a meeting with the participation of Chancellor of Germany, President of France, Prime Ministers of Greece, Spain, Portugal, Italy, and head of the European Commission Ursula von der Leyen.

Earlier this morning, Michelle and von der Leyen met in a narrow format with the heads of France and Germany. The day before, when it became known that the scheduled two day summit did not give the final results and the consultation extended to Sunday, it was reported that the summit can start the day.

"The plenary session will not resume until 16 (17 Moscow time - ed.)", - I wrote to Leitz.

Earlier, the AFP Agency wrote that the summit had stalled and was extended to Sunday, as the country was unable to overcome the resistance from the Netherlands and several other "frugal" countries of the Union concerning matters relating to the Fund's recovery of the EU economy.

The Prime Minister of the Netherlands mark Rutte insisted that the member States of the EU retain the right of final approval of funding from the bailout Fund. He noted that the EU supervision necessary to oblige such countries as Spain and Italy to reform their economies so they could better cope with future crises, wrote the Agency.

Heads of state trying to negotiate the creation of a new temporary anti-crisis Fund of the EU. Earlier, the European Commission suggested that it amounted to 750 billion euros, which it would have occupied in the market. The funds were supposed to allocate to needy countries of the EU in the form of loans and subsidies and their relationship previously was one of the stumbling blocks in the discussion.

In addition, the summit must make a decision on the financial plan of the EU on the basis of which compiled annual budgets of the Union, 2021-2027 years. This time, the financial plan proposes to link the anti-crisis Fund, as to attract market funds the EC has proposed to adjust certain indicators of the budget and to allocate funds crisis Fund via the budget program.