EU budget

Dutch Prime Minister Mark Rutte arrives for the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 18, 2020. Olivier Matthys/Pool via REUTERS
Global Economy

Dutch welcome new ideas on EU recovery fund but deal far off

The talks on Friday were deadlocked over who should control how the money is spent, as Prime Minister Mark Rutte held out against his EU counterparts after 13 hours of negotiations at a summit in...

German Chancellor Angela Merkel arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany, February 5, 2020. REUTERS/Annegret Hilse
Global Economy

Merkel open to bigger EU budget, bonds to finance post-crisis recovery