Merkel and Lagarde Tell EU It Needs to Deliver: Summit Update
European leaders attend the European summit video conference in Brussels, on June 19.
Photographer: Olivier Hoslet/AFP via Getty Images
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European Central Bank President Christine Lagarde and German Chancellor Angela Merkel warned European Union leaders meeting Friday by video conference that if they fail to agree on a stimulus package the consequences could be dire.
The leaders began negotiations on a 750 billion-euro ($840 billion) plan to help their economies rebound from the Covid-19 lockdown, with Germany and France pushing for a deal to be wrapped up next month.