BRUSSELS, 10 July. - (ANA)  - European Council President Charles Michel on Friday laid out plans for a long-term EU budget of 1.074 trillion euros and a recovery fund of 750 billion euros for pandemic-hammered economies, the starting point for negotiations at a summit next week.

 

In a bid to make the bloc’s mass economic stimulus more palatable to thrifty northern member states, Michel proposed maintaining the so-called rebate that these countries receive from their contributions to the budget.  - (ANA) -

 

AB/ANA/10 July 2020 - - -