Merkel: "EU needs swift decision on budget, recovery fund"

# 13:53
18 June 2020

German Chancellor Angela Merkel on Thursday urged the European Union to swiftly seal a multi-year budget deal and recovery fund to help the bloc survive the economic damage caused by the coronavirus pandemic, APA reports citing Reuters.

Merkel said that an any agreement would not be reached during a summit of EU leaders on Friday via videoconference but rather at a physical meeting later this year.

“I will make the case that at the European Council we reach a decision about a multi-year financing deal and a recovery fund as quickly as possible,” Merkel said in a speech to parliament.