TELETRADER News
7/13, 6:19 PM (Source: TeleTrader)
more TeleTrader news

Conte: EU recovery fund negotiations very difficult

Italian Prime Minister Giuseppe Conte stated on Monday the negotiations over the European Union's fund aimed at battling the economic crisis caused by the coronavirus pandemic are "very difficult" and risking a "delay in the European recovery."

"We need a solid, strong, and coordinated response to the epochal crisis. The leaders are aware of the historical moment. There are common values ​​and interests at stake. There is a risk of fragmentation of the single market," he said.

The EU heads and German Chancellor Angela Merkel recently stressed the recovery fund is the bloc's "highest priority," despite difficulties in negotiations, while Spanish Foreign Minister Arancha Gonzalez noted such a deal will have a "geopolitical value."

Breaking the News / JR