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Speaking in the European Union (EU) parliament on Wednesday, European Council President Charles Michel said that there is still a lot of work to be done before the EU reaches a multi-billion-euro recovery fund.

Key quotes

“I can assure you I am doing all I can to secure an agreement.” 

“We need to find a workable solution quickly. My impression, after a round of consultations over the last few days, is that we haven’t yet finished our negotiations and we still have a lot of work to do. I think that we can conclude that some member states want to cooperate more than others.”