WORLD

Coronavirus: EU leaders reach a deal on the recovery package

21.07.20 10:40


EU leaders agreed early Tuesday to an unprecedented €1.8 trillion ($2 trillion) aid and budget deal aimed at helping hard-hit bloc members recover from the economic fallout of the novel coronavirus pandemic.

 

Disagreements concerning access to the aid package had turned the negotiations into one of the bloc's longest-ever summits.

 

The package includes a €750-billion fund to be sent as loans and grants, as well as a seven-year €1 trillion EU budget.

 

European Council President Charles Michel tweeted a brief message minutes after leaders adopted the plan: "Deal!"

 

 

source: IPN

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