June 19, 2020 / 1:14 PM / 17 days ago

EU leaders still split on recovery fund design, Commission says

BRUSSELS (Reuters) - EU leaders remain divided on how to structure a proposed COVID-19 recovery fund for European economies, the head of the European Commission said on Friday, with the balance of loans and grants still to be agreed.

“The discussions also showed differences of opinion on various issues ... on the balance between grants and loans,” Commission President Ursula von der Leyen told a news conference following an EU summit by video.

“I’m sure that ... we can reach a consensus provided, we do not lose sight of the big picture,” she said.

Reporting by Gabriela Baczynska, editing by Robin Emmott

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