July 18, 2020 / 4:14 PM / 17 days ago

Chances for deal at EU summit on Saturday 'very slim': diplomat

(Reuters) - Chances of a deal on a coronavirus economic recovery scheme at a Eurooean Union summit on Saturday are “very slim”, a diplomat from an EU members state said, after two full days of talks failed to produce a breakthrough.

“The chance is very slim that an agreement will be reached tonight. Very slim,” the person said, adding that the thrifty camp of wealthy northern EU countries were pressing for deeper cuts to the new proposed recovery fund and bigger rebates on the core EU budget, among other demands.

Writing by Gabriela Baczynska; Editing by Kevin Liffey

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