Germany’s Merkel Warns of Summit Failure on EU Recovery Fund

Germany’s Merkel Warns of Summit Failure on EU Recovery Fund
German Chancellor Angela Merkel makes a statement as she arrives for the first face-to-face EU summit since the coronavirus disease outbreak, in Brussels, Belgium, on July 19, 2020. Francisco Seco/Pool via Reuters
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BRUSSELS—European Union leaders may not reach a deal on a coronavirus stimulus plan on Sunday, German Chancellor Angela Merkel said as marathon negotiations ran into a third day and acrimony mounted over the demands of rich but thrifty countries.

Germany and France, the EU’s powerbrokers, are seeking a deal on a 1.8 trillion euro ($2.06 trillion) economic recovery package to rescue the bloc’s economies that are facing their worst recession since World War Two.