"It is extremely urgent and the aim should be to deploy it as soon as possible, no later than early 2021," Panetta was quoted on June 16 as saying. "The longer we wait, the costlier it will be to intervene."
The EU proposed a EUR750 billion package last month, including EUR500 billion in grants, but resistance from a handful of fiscally conservative nations has threatened to delay the deal and no agreement in June is now expected.
