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Mehreen Khan Profile picture
Mehreen Khan
@MehreenKhn
Economics Editor @thetimes Dormant-ish account

Apr 7, 2020, 7 tweets

#eurgroup breaks for an hour. History suggests could stretch much longer than as officials digitally try to draft report for EU leaders. Sticking points are how to refer to ESM and a post pandemic "recovery plan". Dutch and others also want assurances that SURE is not forever

Current draft of #Eurogroup text has no explicit mention of ESM conditionality and no mention of debt mutualisation. The financing of any post pandemic "recovery fund" is also left entirely open. So lots to do ⏰

#Eurogroup rn 💤💤

So that's one extra hour on the clock...

#eurogroup break extended to 2200

Make that 2300 #Eurogroup

The elephant in the teleconference tonight. As #eurogroup struggles to get compromise on the ESM (split between 🇮🇹 and 🇳🇱) Salvini provides the background music

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