July 14, 2020 / 5:44 PM / a month ago

Time is pressing on EU leaders to agree budget, recovery fund: Merkel

German Chancellor Angela Merkel, arrives for a joint statement with Spanish Prime Minister Pedro Sanchez ahead of a meeting at the chancellery in Berlin, Germany, July 14, 2020. Markus Schreiber/Pool via REUTERS

BERLIN (Reuters) - Time is pressing on EU member states to reach a deal on proposals for a long-term budget and a stimulus plan, Chancellor Angela Merkel said on Tuesday, adding that Germany would push for a compromise at a summit of leaders this week.

“It would be desirable to reach a quick result but I don’t know whether there will be success on Friday and Saturday,” Merkel said during a news conference with Spanish Prime Minister Pedro Sanchez. “Time is pressing.”

Reporting by Joseph Nasr; Editing by Chris Reese

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