EU leaders disagree over rescue package

EU leaders disagree over rescue package

EU leaders have failed to agree on a €750bn (£676bn; $840bn) recovery fund for the coronavirus crisis but Germany called the talks "constructive". Chancellor Angela Merkel said: "The bridges we still have to build are big, that's true, but it was a discussion in a very constructive atmosphere." Several northern European nations oppose the plan to pay out €500bn in EU grants. They insist on loans instead. Italy and Spain, worst-hit by Covid-19, would get the largest aid packages. It was a video summit, but further talks in July, it is hoped, will be face-to-face.