European Union leaders were hunting for compromises Saturday as a summit to reach a deal on an unprecedented 1.85 trillion euro ($2.1 trillion) EU budget and coronavirus recovery fund entered its second day with tensions running high.
A full day and night of discussions by the 27 leaders on Friday only added to the irritations over how the huge sums should be spent and what strings should be attached.
A European diplomat said overnight that the talks had hit a "difficult moment" and were blocked on the issue of how to monitor the recovery funds, and that it was unclear whether there would be a way out. The diplomat spoke on condition of anonymity because they were not authorized to publicly discuss the content of the closed-door negotiations.
The pandemic sent the EU into a tailspin with 27-nation bloc's economy contracting by 8.3% this year, according to the latest predictions. Around 135,000 of its citizens have died from COVID-19.
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