The European Union summit aimed at agreeing on a plan to revive the economy after the Covid-19 crisis was extended on Saturday, and the 27 leaders will meet again on Sunday afternoon, the spokesperson for the European Council president announced on Twitter.
The EU leaders gathered since Friday morning in Brussels, continue to search for a settlement, at a time when talks collide with strong opposition from several economies led by the Netherlands.
European Union leaders are close to reaching an agreement for a750-billion-euro (860 billion-dollar) stimulus package after the Dutch government indicated support for the direction in the negotiations, Bloomberg News reported Saturday.
A Dutch official familiar with the talks, who requested anonymity, said that a new proposal was unveiled on Saturday, and that the proposal would keep the total size of the fund as it is, while reducing the amount distributed as grants by 50 billion euros, which is a big step in the right direction According to the official.
The new plan will see the payment of 450 billion euros in grants and a European Union official said it has great support among officials.
“Things are going well and are going in the right direction,” Austrian Chancellor Sebastian Kurtz told reporters in Brussels on Saturday.
Of course, it is an unresolved battle and intensive negotiations, as expected.