Thursday's EU summit will not take final decisions on financing coronavirus recovery fund – Reuters

Dhwani Mehta FXStreet

Thursday's European Union (EU) leaders’ summit will not take final decisions on financing coronavirus recovery fund, Reuters reports, citing the EU diplomats and officials on Tuesday.

Further headlines

Several EU member states call for a clear expiration date for coronavirus recovery fund.

European Commission wants to finance the recovery fund in 2021-22 through headroom in the next joint budget.

European Commission told EU member states coronavirus can cost them up to 10% of GNI.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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