BERLIN - Merkel: EU open to compromise on Recovery Fund

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epa08524292 German Chancellor Angela Merkel (R) takes off her protective face mask during a session of the German Bundesrat ('Federal Council') in Berlin, Germany, 03 July 2020. Merkel delivered a statement before the body that represents the country 16 states at a federal level that focused on Germany's rotating turn presiding the Council of the European Union (EU) in the second half of 2020. EPA / HAYOUNG JEON

German Chancellor Angela Merkel once again called for a speedy agreement in Europe on the Recovery Fund, stressing that the road is difficult and that much will be needed to compromise in the European Council on 17 July.

"Faced with the current economic situation, time passes and every day is counted," the chancellor added.

She recalled the need for an agreement as soon as possible, perhaps even during the summer holidays.

"The situation is extraordinary and an extraordinary effort is needed," Merkel reiterated.

"The extraordinary measures proposed by the European Commission are adequate, also because they are time-bound and goal-oriented," she added.

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