EU's 'moment of truth' as leaders debate virus rescue'It's our European project which is in play here'BRUSSELS - European leaders warned Friday that the future of their union was at stake as they embarked on a summit to thrash out the terms of a huge post-coronavirus economic rescue plan. Arriving at the European Council, where the leaders met with reduced teams and under social distancing measures, France's President Emmanuel Macron described it as a "moment of truth". Michel called it a "difficult negotiation" and "not only a question of money but a question of the future of the European project." - Loans or grants? This package is in addition to the planned 1,074-billion-euro seven-year EU budget from 2021 to 2027 that the leaders must also agree in the coming weeks or months.

Source: Bangkok Post July 17, 2020 08:37 UTC