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7/9, 11:58 AM (Source: TeleTrader)
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Recovery fund highest priority - Merkel, EU heads

German Chancellor Angela Merkel, European Commission President Ursula von der Leyen, European Council President Charles Michel, and European Parliament President David Sassoli said on Thursday reaching an agreement on an "ambitious European recovery package" is European Union's highest priority.

They stressed the importance of "strong coordination between the EU institutions" and "swift ratification of the key elements" as key elements for reaching the deal between the bloc's member states.

The talks on the recovery fund aimed at battling the crisis caused by the coronavirus pandemic are expected to begin on July 17 at the meeting of the European Council.

Breaking the News / JR