20-05-2020 19:04 via uk.finance.yahoo.com

Could ratification process be iceberg that sinks EU recovery plan?

The likely need for all member states to ratify the giant EU coronavirus recovery plan could be its undoing if it runs into choppy domestic political waters in some or all of the 27 parliaments, officials and diplomats said on Wednesday.The rest of the member states are now jockeying to win most benefits for themselves from the fund and the linked joint EU budget for 2021-27.One envisaged element has already raised red flags: the necessary approval by national parliaments of a planned increase t
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