EU leaders seal ‘historic’ €750bn Covid-19 recovery plan

EU leaders seal ‘historic’ €750bn Covid-19 recovery plan

EU leaders have reached a historic agreement on a €750bn coronavirus pandemic recovery fund and their long-term spending plans after more than four days of debate at the bloc’s longest summit in nearly two decades.
The EU states will jointly borrow debt to be disbursed through grants on an unprecedented scale, in the face of an economic downturn not seen since the Great Depression.
The new plan will also put the EU’s climate objectives at the forefront for the first time in its history


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