Europe’s ‘Green Recovery’ In Disarray

In May, the European Commission published its proposal for a €750 billion Green Deal which promised to boost economic growth, create millions of new jobs and save the planet. Yet at their current meeting, EU leader are struggling to save their green recovery plan.

After the meeting on Saturday, German Chancellor Angela Merkel and French President Emmanuel Macron were seen haggling with members of the Dutch-led camp, who are demanding cuts to the 1.8 trillion euro ($2.06 trillion) package [Francois Lenoir/Pool Photo via AP]

When she presented the Green Deal, European Commission President Ursula von der Leyen claimed that “the European Green Deal and digitalization will boost jobs and growth, the resilience of our societies and the health of our environment. This is Europe’s moment. Our willingness to act must live up to the challenges we are all facing.”

Meeting in Brussels, EU leader are deadlocked over its Green Recovery plan which is prioritising climate hysteria over economic reality and which is now threatening to deepen Europe’s economic and political crisis.

European leaders were struggling last night to save a €750 billion coronavirus rescue fund after three days of deadlock in Brussels that pitted north against south and east against west.

Wide differences remained at the first face-to-face summit for five months. The Dutch were leading five “frugal” allies demanding tougher terms for handing billions in loans and outright grants to Italy, Spain and Greece, the southern nations that they regard as inveterate profligates with their state finances.

As the sun dipped behind the council building in Brussels, Xavier Bettel, the Luxembourg prime minister, said that after seven years of European summits, “I have never seen positions as diametrically opposed as this”.

Postponement to a fresh summit was being floated last night by Charles Michel, the European Council president. Diplomats said that if the talks failed, the summit would be adjourned until August, throwing the German EU presidency’s timetable to agree a virus plan and a long-term EU budget into disarray — and underlining bitter divides.

In the worst economic crisis since the Second World War the bloc’s leaders are unwilling to contemplate failure to deliver a fund that symbolises the solidarity among members that the EU is supposed to embody.

Full story (£)

The post Europe’s ‘Green Recovery’ In Disarray appeared first on The Global Warming Policy Forum (GWPF).

via The Global Warming Policy Forum (GWPF)

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July 20, 2020 at 02:00AM

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