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7/21/20

EU summit: Leaders reach landmark €1.82 trillion COVID-19 recovery deal and budget

Speaking to reporters, European Council president Charles Michel called it a "good deal", stating that "Europe is solid".

European Commission President Ursula von der Leyen, meanwhile, underlined important concessions made in the search for a compromise, saying she regretted the cuts to "modern policies" in research and innovation.

French president Emmanuel Macron called it an "historic day for Europe".

The recovery plan includes €390 billion worth of grants and €360 billion worth of loans due to a compromise with the so-called frugal four, now five, countries — Netherlands, Austria, Finland, Sweden and Denmark.

Read more at :
EU summit: Leaders reach landmark €1.82 trillion COVID-19 recovery deal and budget | Euronews

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