💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

France's Macron to visit Dutch PM Rutte to break EU budget impasse

Published 06/22/2020, 06:28 AM
Updated 06/22/2020, 06:30 AM
© Reuters. EU leaders hold a virtual meeting to discuss the bloc's budget and recovery fund
AIRF
-

PARIS (Reuters) - Emmanuel Macron will travel to the Netherlands on Tuesday to try to break Dutch Prime Minister Mark Rutte's resistance to the European Union's 750 billion euro aid package that the French president wants to see approved at an EU summit in July.

Rutte has led a coalition of fiscally conservative northern European countries opposed to the proposed recovery fund, which would see the EU raise debt and transfer cash to the countries hardest hit by the economic fallout of the coronavirus crisis.

Rutte, who wants the transfers to take the form of repayable loans rather than grants, will host a meeting with Macron in The Hague, followed by a working dinner, Macron's office said.

The talks will mainly focus on the EU budget and the recovery fund.

© Reuters. EU leaders hold a virtual meeting to discuss the bloc's budget and recovery fund

A source familiar with the meeting said Macron and Rutte are also likely to discuss Air France-KLM (PA:AIRF), as the two governments tussle for influence over the Franco-Dutch airline group.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.