After months of videoconferencing, European Union acknowledged it’s about time to sit down and meet eye-to-eye to discuss pressing issues - how to bounce back in the worst recession in history. Since the pandemic hit Europe early this year, 27 European Leaders meet in Brussels Friday morning to shed light on the 750-billion-euro recovery fund and the 1.1-trillion-euro, seven-year budget appropriation and governance.
The two-day planned summit may not be enough to cover all issues that need urgent solutions with left and right negotiations that may arise along the way. With a different degree of demands, and around 135,000 of its citizens succumbed to the disease, according to the latest predictions, member states are in a situation on who will pay the most to inject money in the beaten economy.
‘The stakes couldn't be higher,’ European Commission President Ursula von der Leyen said as EU leaders met in Brussels for summit talks on a multi-billion-euro plan to breathe life into their economies https://t.co/RiYZe5lR3g pic.twitter.com/uzz19CEVXr— Reuters (@Reuters) July 17, 2020
In a press interview, European Commission President Ursula von der Leyen said “The stakes couldn’t be higher. The whole world is watching us, whether Europe is able to stand up united and to overcome this corona-related crisis strongly.”
European Parliament President David Sassoli said that it is important for Europe to come up with an agreement in this summit because any postponement could trigger new storms and imperil the European scene.