European leaders fail to agree on how to help economy after coronavirus

Sebastian Kurs, Austrian Chancellor, said the Brussels financial summit is heading in the right direction. However, there are still many issues to be addressed.

“The negotiations are going well enough, they are moving in the right direction, although, as expected, there are difficulties”, – he said.

The main topic of the meeting is the budget for assistance to EU countries affected by the coronavirus.

There was a misunderstanding between European leaders. Austria, for example, believes that it is necessary to reduce the amount of money that is allocated as grants. They must be issued as loans. The Netherlands, Denmark, Sweden and Finland support this idea.