German Chancellor Angela Merkel assessed on Sunday morning (19 July) that it is still possible that EU leaders will not reach agreement on the EU’s multi-annual budget and the post-crisis recovery fund related to the coronavirus pandemic.
“There is a lot of good will, but there are also many positions. I will do everything in my power, but it is still possible that we will not have the result,” said Chancellor, quoted by Reuters.
Germany holds the EU presidency in this half-year, and it was in this country that expectations were set for paving the way for a compromise on EU finances.
Heads of State and Government have been talking since Friday about the 1.82 trillion package, which includes a reconstruction fund of 750 billion euros and the EU budget for 2021-2027 of 1.074 trillion euros.
The resistance to the “economical” countries stands on the road to compromise, including Austria, Denmark, Sweden, the Netherlands and Finland.