My money (literally and figuratively) is on August 1st, as I would like to be in Ibiza on the 15th. It "is what it is" though, as I am kind of spent emotionally over this for a lot of different reasons, beyond vacations. I am at the point of "fuk-it" and stopped paying attention to the general news in recent weeks.
Anyway, it is not as simple as the block agreement. As per the article:
"Within hours of the EU announcement, Italy, which has one of the highest COVID death tolls in the world, said it would opt out and keep quarantine restrictions in place for all nations that were not part of the free-travel Schengen area. "
The article also discussed Canada's maintenance of a quarantine of incoming visitors. So I dont know if there will be reciprocity of the same from their citizens.