Reuters
- The European Union's top leaders remain deadlocked over the size and scope of a proposed rescue deal for the bloc as it responds to the COVID-19 downturn.
- An originally proposed 750 billion euro ($860 billion) plan has failed to kick off as leaders continue to debate components of the fund.
- The fund was reportedly meant to include 500 billion euros in grants and 250 euros billion in loans.
- However, the amount of money given in grants has been a major stumbling block, with a group of frugal nations pushing to drastically lower that number.
- Talks are entering a fourth day Monday, with leaders set to agree a proposal for 390 billion in grants.
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The European Union's top leaders remain deadlocked over the size and scope of a proposed rescue deal for the bloc as it responds to the COVID-19 downturn.
A European Unit summit meant to debate a common recovery fund took place over the weekend, but discussions have been extended to continue Monday.
See the rest of the story at Business Insider
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