🚨🚨We have a deal at #Eurogroup. EU leaders will sign off on an EMU package that *will* include the mention of a eurozone budget that says "stabilisation somehwere in it ! Agreement took over 15 hours
#Eurogrouo press conference with Mario Centeno is due in 45 minutes. "Surreal" is how one diplomat describes an agreement to agree things that have largely been pre-cooked for months but which finance ministers have only locked down after 15 hours at 8am in the morning
Details of #Eurogroup deal. Big flash point keeping ministers up all night was French eurozone budget. Paris will be happy that next week EU leaders have to ask for "further technical work" on a stabilisation function - but admits not all (Dutch) are convinced you need it
Vintage EU fudge on the eurozone budget: #Eurogroup statement will include mention of work on stabilisation (🇫🇷), also a reinsurance element (🇩🇪), and that no-one actually agrees 🇳🇱
The @ftbrussels hit inboxes minutes after the marathon #Eurogroup deal was done. Our take this morning email.permalink.ft.com/emails/eyJlbWF…
How the Franco-German engine worked through the night. Diplomat says France's Bruno Le Maire made numerous threats to walk out of talks during the night. "This is the last draft". Germany's Olaf Scholz played peacemaker to get a deal: "There is no last draft". 🇫🇷🇩🇪#Eurogroup
Here is the eurozone budget #fudge - something for everyone to take home #eurogroup
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