EU virus recovery package sparks tensions over spending | Sky News Australia

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Tensions have risen between European Union Executive members over a proposed coronavirus rescue package worth 750 billion euros.

Differences surfaced over how much financial aid should be provided as grants and how much repaid in loans, while wealthier countries such as the Netherlands demanded strict spending control.

The global virus death toll surpassed 600,000 as the World Health Organisation reported a record daily spike with 259,000 new fatalities. India was among the top worst-affected countries as it recorded a surge of nearly 39,000 new infections in a 24-hour period. Image: AP

 

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EU is broken

It’s like doubling down on a losing position.

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