Economics
Germany Sees Swift Deal on EU Recovery Plan Amid Divisions
- Finance Minister Olaf Scholz says a quick accord is possible
- He says initial discussions revealed ‘constructive signals’
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Even though the European Union’s 750 billion-euro ($846 billion) coronavirus recovery package is facing stiff headwinds from budget hardliners, Germany believes an agreement can be reached quickly.
“Although there remain differences between various nations that are not small, I have the impression that everyone has the will to reach an agreement within a short time,” German Finance Minister Olaf Scholz said in a statement on Tuesday. “The starting positions are different, but as I said, a constructive spirit can be detected on all sides.”