Italian Prime Minister Giuseppe Conte believes that the EU’s decision to rebuild the coronavirus pandemic in July should be made between Friday and Friday before the summit of Heads of State and Government in Brussels on Saturday.
Speaking to the Italian Parliament on Community policy in the face of the Coronavirus crisis, Conte referred to “July” as the month of decision-making. “This time we will all win or we will all lose,” he riveted and received applause from the legislature.
EU heads of state and government will meet this week to finalize the details of the reconstruction fund. The European Commission proposed to provide 750,000 million euros, 500,000 of which would be delivered in transfers (non-refundable) and the remaining 250,000 in loans.
Italy and Spain, who are potential recipients of this money, advocate that the bulk of the funds be distributed in transfers, while the so-called “frugal countries” – the Netherlands, Denmark, Austria and Sweden – want delivery through credit, the economic Subject to reform.
The “frugal countries” have remained in place, which precludes the possibility of an agreement at this summit. “I think the chances of it happening on Friday or Saturday are slim,” said Dutch Prime Minister Mark Rutte on Tuesday during a parliamentary debate in The Hague.