FTSE 100 LIVE: EU markets to struggle amid coronavirus recovery summit

Dutch Prime Minister Mark Rutte has warned the discussions could fall apart during the latest summit. Failure to agree could both unnerve financial markets and fuel doubts about the bloc’s future. EU summit chairman Charles Michel urged the 27 leaders of the European Union to achieve “mission impossible” and reach an agreement. Michel reminded the EU leaders that more than 600,000 people had now died as a result of the coronavirus around the world, and it was up to them to stand together in the face of an unprecedented crisis.

“My hope is that we reach an agreement and that the headline … tomorrow is that the EU has accomplished mission impossible,” the European Council President said at their third dinner in a row at the Brussels conference centre. “That is my heartfelt wish … after three days of non-stop work.”

The leaders are at odds over how to carve up a vast recovery fund designed to help haul Europe out of its deepest recession since World War Two

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source: express.co.uk