The EU leaders have not (yet?) Managed to find a compromise last weekend to relaunch the European economy after the corona pandemic.
EU President Charles Michel has suspended negotiations. He would like to continue Monday at 4 pm and present a new compromise proposal. The latter indicates that the contradictions can apparently be bridged.
According to Dutch Prime Minister Mark Rutte, the summit last night was very close to failure. "It didn't look right a few times," he said afterwards. There was a "moment when I thought: it's over".
The fact that the EU summit did not fail on the third (extra!) Negotiating day is considered 'positive' by observers. And with a fourth negotiating day now being added, it gives the impression that a favorable outcome is still possible.
According to Rutte, the talks have now progressed so far that negotiations can continue. He is satisfied with commitments to and monitoring of the economic reforms that countries must undertake to qualify for subsidies. He believes that there is "a gradual consensus about this" and that the four transverse countries are apparently achieving results.
Approach also seems possible with regard to the choice between 'gifts' or 'loans'. The initial proposal by EU President Michel mentioned two thirds' gifts' and one third 'loans, but this now seems to be half-and-half. The first proposal was based on 500 billion in subsidies. At that time, the Netherlands did not want to know about subsidies at all.
An emotional appeal from Michel to the EU heads of government to bridge their disputes and to accomplish “an impossible task” has helped, according to Prime Minister Rutte. After the third day, Rutte said he saw more than less support for the 'conditions' of the 'miserly four'.