President of the European Council Charles Michel (L), Germany's Chancellor Angela Merkel (C), France's President Emmanuel Macron (2nd R) and President of the European Commission Ursula von der Leyen pose during a meeting at the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 19, 2020. Francois Walschaerts/Pool via REUTERS
BRUSSELS (Reuters) - European Union leaders appeared close to agreement on a massive stimulus plan for their coronavirus-blighted economies late on Monday after the chairman of their fractious four-day summit presented a new proposal to bridge gaps between them.
EU Council President Charles Michel said he was confident the compromises he offered the 27 leaders would clinch a deal on the 750 billion euro recovery fund that many say is critical to dispel doubts about the bloc's very future.
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