June 16, 2020 / 4:40 PM / 19 days ago

Merkel expects decisions on future EU finances in July -sources

BERLIN, June 16 (Reuters) - German Chancellor Angela Merkel does not expect European Union leaders to reach an agreement on the bloc’s future finances at a summit on Friday, participants at a meeting of her conservative parliamentary bloc said on Tuesday.

Rather, Merkel expects decisions on the so-called Recovery Fund and the bloc’s multi-year financial framework through to 2027 to be agreed in July, the participants said.

They said Merkel told Tuesday’s meeting that the economic fallout from the coronavirus pandemic meant: “There’s a huge mountain of work ahead of us.”

Reporting by Andreas Rinke Writing by Paul Carrel Editing by Catherine Evans

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