Italy PM Conte says won’t accept “weak compromise” on EU recovery fund

A handout photo made available by the Chigi Palace Press Office shows Italian Prime Minister, Giuseppe Conte, attending a press conference during a break of the Cabinet for the "Relaunch" Law Decree (dl Rilancio) at the Chigi Palace in Rome, Italy, 13 May 2020. EPA-EFE/FILIPPO ATTILI / HANDOUT

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Italian Prime Minister Giuseppe Conte said on Tuesday the European Union must provide a strong response to the economic crisis caused by the COVID-19 pandemic, adding that support measures must be activated rapidly.

“We won’t accept a weak compromise,” on an EU Commission proposal to build up a recovery fund to finance the bloc’s coronavirus-battered economies, Conte told reporters in Lisbon speaking alongside Portuguese Prime Minister Antonio Costa.

EU leaders still have to agree on the makeup of any recovery package, and an important meeting on the issue will take place in Brussels on July 17-18.

Significant differences remain on key issues including whether it will be based on loans or outright grants to member states in need.

via Reuters


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