Netherlands wants veto over recovery fund if member states backslide on economic reformChristian Fernsby ▼ | July 18, 2020
EU leaders failed on Friday to make headway in negotiations over a massive stimulus plan to breathe life into economies ravaged by the coronavirus pandemic.
Prime Minister Mark Rutte
Diplomats said the 27 remained at odds over the overall size of the package, the split between grants and repayable loans in the recovery fund and rule of law strings attached to it.
But the main stumbling block was over vetting procedures to access aid, an EU official said, with Dutch Prime Minister Mark Rutte demanding that one country could block payouts from the fund if member states backslide on economic reform.
“If they want loans and even grants then I think it’s only logical that I can explain to people in the Netherlands ... that in return those reforms have taken place,” Rutte said. ■