The European Union’s 1.1 trillion euro budget for 2021-2027 and the 750 billion recovery package, agreed by EU governments after a tortuous four-day summit in July, have to be agreed unanimously.
“We are very far advanced and not far from an agreement,” the sources said ahead of a meeting of EU finance ministers to discuss the package on Monday and Tuesday.
A compromise could be possible in the short term, they said. The goal was for money to start flowing from January.
Germany has proposed a scheme that links access to EU money, including the recovery fund, to respecting the rule of law, a document seen by Reuters showed on Monday.
($1 = 0.8530 euros)
Source: Economy - investing.com
