Merkel expects decisions on future EU finances in July

German Chancellor Angela Merkel does not expect European Union leaders to reach an agreement on the bloc’s future finances at a summit on Friday, participants at a meeting of her conservative parliamentary bloc said on Tuesday.

Rather, Merkel expects decisions on the so-called Recovery Fund and the bloc’s multi-year financial framework through to 2027 to be agreed in July, the participants said.

They said Merkel told Tuesday’s meeting that the economic fallout from the coronavirus pandemic meant: “There’s a huge mountain of work ahead of us.”

Reuters