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Merkel announces progress in talks ahead of fourth day EU summit

There is hope that consensus will be reached, German Chancellor said.
There is hope that consensus will be reached, German Chancellor said.


BERLIN, July 20. German Chancellor Angela Merkel sees positive moments before the start of the fourth day of the EU summit, which discusses the seven-year budget and the fund for restoring the community’s economy after the pandemic. Her speech on Monday was broadcast by local television channels.

“On the last night after long negotiations, we developed a framework for a possible agreement. This is progress,” Merkel said. “There is hope” that consensus is reached, she added.

“It was clear that the negotiations would be incredibly difficult,” the chancellor said.

Disagreements over the EU economic recovery fund boil down to the fact that the parties cannot agree how much money will be given out to community countries free of charge, and how much - in the form of soft loans. The most rigid position is held by the Netherlands and Denmark.

It was originally planned that the summit, which began on Friday, will last two days.



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