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Politics

Recovery Plan and Multiannual Financial Framework on the Agenda of Friday’s EU Summit

BRUSSELS — The EU leaders are called upon to agree on the Recovery Plan as well as the Multiannual Financial Framework during the crucial summit which starts on Friday, at 10:00, in Brussels.

The Turkish provocations and BREXIT are also expected to be discussed on the sidelines of the summit.

Greek Prime Minister Kyriakos Mitsotakis on Thursday, during a meeting of the European People's Party held via video conference, stressed the need for an immediate agreement.

"Greece will go to the summit summarising its positions along three axes. To preserve the level of aid proposed by the European Commission. To preserve the ratio of grants to loans proposed by the EU Commission, so that the main body of aid is grants and not loans. That there should be no additional special conditions for assistance through the Recovery Fund, except those already provided for in the treaties and the Stability and Growth Pact," government spokesperson Stelios Petsas said during yesterday's press briefing.

Regarding the Multiannual Financial Framework 2021-2027, Petsas underlined that both the initial as well as the compromise proposals are generally considered satisfactory for Greece.

In view of Friday's meeting, the prime minister contacted the President of the European Council Charles Michel, reiterated the Greek positions and stressed that after the end of the summit, European leaders should not return to their countries without a mutually acceptable solution.

According to EU diplomatic sources, the negotiations are most likely to end on Sunday without an agreement while another summit has been scheduled for the end of July, when the 27 member-states will proceed to an agreement.

"There is much pressure to reach an agreement, but not an agreement at any cost," a senior EU source told reporters.

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