BERLIN | German chancellor Angela Merkel wants an agreement can be reached before the end of July on the european recovery plan by the new 750 billion euro (1140 billion $) as a result of the pandemic of novel coronavirus.
“The best would be that we will reach an agreement before the summer break” of the european institutions at the end of July, she told German mps in Berlin.
The european Parliament and the national parliaments would then be the time of ratifying this agreement, and that the next Budget of the european Union — that it must be a part — “by the end of the year,” added Ms. Merkel, calling on Europe to “act quickly and decisively”.
European leaders will hold on Friday a first summit by videoconference on this recovery plan is massive and is intended to support the european economy affected by the pandemic.
But “only a first exchange is planned at the moment” for this occasion, explained to Ms Merkel.
“There will then be intensive consultations carried out by the president of the european Council,” Charles Michel”, and “we will not be able to take decisions only at a physical meeting of the european Council” subsequently, she argues.
Germany takes over on July 1st for six months in the rotating presidency of the EU and is therefore called to play a key role in the negotiations of the next few weeks.
“The situation is far from easy, but I hope that all the member States will act in a spirit of compromise in the face of this unprecedented situation”, was considered the leader of germany.
A call in the direction of the country says “frugal”, that is to say, supporters of fiscal discipline, such as the netherlands, Austria, Sweden or Denmark, who are very reserved with regard to the recovery plan of the EU.
The latter is largely based on a proposal from Mrs Merkel and the French president Emmanuel Macron. It provides 500 billion euros redistributed in the next Budget of the EU in the form of grants, in particular to the regions most affected by the impact of the sars coronavirus, and 250 billion euros of loans.
For the chancellor, who leaves office in 2021, “never before has the cohesion and solidarity have been as important as today”.
“The crisis can be overcome only if we act to each other and with others,” pleaded Mrs. Merkel, to the attention of the country who are skeptical of the stimulus plan.