After hours of videoconference discussions on the bloc’s long-term budget and Coronavirus recovery package, EU leaders on Friday pledged to reach an agreement next month. The EU27 leaders held talks with the EU institutions’ chiefs, Ursula von der Leyen, Charles Michel and David Sassoli, on the around €1.1 trillion Multiannual Financial Framework (MFF) for 2021-2027 and the Commission’s proposed €750 bn recovery package.


The virtual summit was EU leaders’ first discussion after the EU’s Executive Arm presented its updated budget and recovery proposal on May 27. Although there were no particular conclusions on the bloc’s fiscal response to the pandemic, several heads of state and government stressed that an agreement should be reached in the upcoming two months.

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