Economics
EU Destiny Meets ECB Policy in Pivotal Week for Crisis Recovery
- Showdown with eastern holdouts looms over region’s rescue plan
- ECB will find out if promise of fiscal help will materialize
Outside the European Central Bank (ECB) headquarters in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Union’s economic policy makers face a defining moment next week that will either set the course out of the pandemic’s slump or risk delay in providing joined-up support for the region’s recovery.
The bloc’s leaders are set to convene for a summit on Dec. 10, seeking to end a row with non-euro members Poland and Hungary over the terms attached to an historic 1.8 trillion-euro ($2.2 trillion) rescue package, and multi-year budget.