‘If not Europe, who else?’ EU under pressure to secure green recovery at crunch summit

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European Union leaders were meeting in Brussels on Friday to battle over a proposed multi-billion euro stimulus package, which investors, activists and lawmakers said would need strict rules to guarantee a “green” recovery from the coronavirus pandemic.

Under discussion at Friday’s summit is the EU’s next long-term budget, worth around 1 trillion euros, plus a proposed 750 billion euro recovery fund of grants and loans aimed at rebuilding virus-hit economies. 

The European Commission, the bloc’s executive arm, has said the economic destruction wreaked by the virus would not shake its plans to make the EU “climate neutral” by 2050, and promised that recovery spending would drive green growth.

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