related media assets available. Click to see the gallery.WARSAW/ROME: A stand-off between EU leaders at a summit in Brussels on Saturday threatened to derail plans for a massive stimulus fund to breathe life into their coronavirus-hammered economies.
With the pandemic dealing Europe its worst economic shock since World War Two, leaders gathered on Friday to haggle over a proposed 750 billion euro recovery fund and a 2021-27 EU budget of more than 1 trillion euros. The diplomat said"frugals" were pressing for deeper cuts to the fund and bigger rebates for net payers into the core EU budget, among other demands.
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