EU eyes cuts to green transition fund in late bid to strike recovery deal


  • World
  • Tuesday, 21 Jul 2020

FILE PHOTO: Fake money is seen during a protest held by representatives of Avaaz, Greenpeace and Transport & Environment, on behalf of the Green10, during the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 17, 2020. REUTERS/Johanna Geron

BRUSSELS (Reuters) - Cuts to climate funding were on the menu as European Union leaders sat down to negotiate over dinner, aiming to clinch a deal after four days of summit wrangling over a huge stimulus plan to help rebuild their coronavirus-hit economies.

EU Council President Charles Michel presented a new proposal to the 27 leaders on Monday evening before talks resumed, tabling cuts to climate change schemes as part of a bid to rework the overall package into something all countries could agree to.

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