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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German Chancellor Angela Merkel said Monday it is unclear whether EU leaders will reach agreement on a 750-billion-euro pandemic recovery fund at this week's summit, amid resistance from more frugal member states. "The road that we have to tread is still rocky," said Merkel ahead of Friday's EU special summit. "I don't know if we will reach an agreement." She stressed however that the recovery fund "must be massive" and not cut down in size. "Because the task is enormous, the answer must also be huge," she said, after hosting Italian Prime Minister Giuseppe Conte for talks. "It must be particularly powerful in order to signal clearly that Europe wants to hold together in this difficult time. There is a political dimension to it". While the recovery fund was officially put forward by the European Commission, Merkel had drawn up the backbone of it along with French President Emmanuel Macron. The move to offer grants to the EU countries hardest hit by the pandemic, such as Italy, has smashed through long-held stereotypes of Germany as a "frugal" country. Nevertheless, other northern member states -- the Netherlands, Austria, Denmark and Sweden -- have taken on the role of reining in spending. They insist that loans with tough conditions attached, rather than grants, should be the preferred method of rescue. But Conte urged a quick deal. "We have to act swiftly, because history teaches us that the best reaction is not worth much if it comes too slowly." hmn/mfp/pvh
schema:headline	EU summit may not reach recovery fund deal: Merkel
schema:mentions	European Council President of the European Commission Chancellor of Germany Prime Minister of Italy Giuseppe Conte President of France Angela Merkel Denmark Netherlands Sweden Germany Emmanuel Macron European Union Pandemic Reining The Move PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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