Touch and Go Whether European Union will Get Approval for Recovery Plan

Charles Michel, President of the European Council Credit: European Union

THE leaders of the 27 member states of the European Union will meet on July 17 and 18 to try to come to an understanding concerning the proposed economic recovery plan which needs €750 billion funding.

The so called ‘Frugal Four’ (Austria, Denmark, Holland and Sweden) believe that the amount suggested is simply too much but the President of the European Council, Charles Michel has been visiting each country and is hinting at a reduction in the European Union budget as a concession.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page