EU Council’s president urges quick implementation of recovery package
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European Council President Charles Michel called on all European Union (EU) member states to stay united on a comprehensive financial package to underpin the EU’s recovery from COVID-19 pandemic, urging its implementation as soon as possible.
Noting that the vast majority of member states have agreed with the compromise on the table, Michel said after a video conference of EU leaders on Thursday night that some other members are not able to support the majority regarding the mechanism on conditionality of the recovery package.
“This financial package is essential for our economic recovery,” Michel said, voicing his hope for a solution accepted by all member states through further discussion.
In July, EU leaders agreed upon a comprehensive package totaling over 1.8 trillion euros (2.12 trillion U.S. dollars), which combined the long-term EU budget for 2021-2027, or the so-called Multiannual Financial Framework worth nearly 1.1 trillion euros, and the recovery fund, named Next Generation EU, which was financed with a borrowing of 750 billion euros.
The European Council – via Elmer Fudd (a.k.a. Charles Michel) – should stick to hunting rabbits or ducks.
Both Hungary and Poland are far too wily opponents to be ‘trapped’ by such naive individuals.
If Elmer and his fellow hunters aren’t very careful, their prey will actually become the entire E.U.