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Talibans new law bans womens voices and faces             Iranian police shut down two illegal centers affiliated with German government             All of President Pezeshkians ministerial picks win parliaments vote of confidence             Wheres Bangladesh Heading after Popular Uprising?            Western Kabul residents say Taliban has failed to ensure security after bombing             Algerian Boxer Khelif files complaint over online harassment after gender row             Federalism in Afghanistan: Opportunities and Challenges             Formation of the Federalist Assembly of Afghanistan             Israel launches missile attack on outskirts of Damascus, killing Syrian civilians             UK national scandal: 20,000 mental health patients raped, sexually assaulted in NHS care             Three US troops killed, dozens injured in drone attack in Syria             Trump says NATO will not come to rescue if US attacked             Ukraine beset by $40m fraud in arms procurement amid war with Russia            US approves sale of F-16 jets to Turkey after Ankara ratifies Swedens NATO membership             UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza            


DATE PUBLISHED: 1399/04/22 - 12:22:2
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EU leaders wrangle over COVID-19 recovery fund

In the EUs de facto capital, Brussels, signs of the new recession can be seen on many streets.

Businesses have been forced to close and the picture is similar across the 27 countries that make up the bloc.

At a summit due to take place next week, EU leaders are being urged to agree on the terms of the blocs budget, to run until 2027, and also a €750-billion pandemic recovery package.

Austria, Denmark, Netherlands and Sweden dont like the plan to give €500 billion out in the form of grants. The countries worst hit by the pandemic such as Italy, Spain and Portugal would benefit the most from this. EU powerhouse, Germany, insists the funding is essential.

Unless EU leaders address the potentially devastating social crisis, currently looming over the bloc, citizens will turn their backs on the political establishment and the EU will definitely not have a future. That is according to workers unions.

It appears the incoming president of the Eurogroup, the body made up of finance ministers from the 19-country eurozone, acknowledges the importance of social justice.

EU countries have spent billions of euro trying to save jobs while people were laid off due to COVID-19. In reality most nations, on paper, cannot afford to do this due to huge government debt.

Economists warn the money is running out fast, hence the need for agreement on additional funding when EU leaders meet here next Friday.

 

LINK: https://www.ansarpress.com/english/19221


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