EU leaders strike deal on historic coronavirus stimulus package

Brussels The 27 leaders of the European Union have struck a deal on a historic multi-billion-euro economic recovery package to curb the damage caused by the coronavirus pandemic, after four draining days of negotiations at a Brussels summit. Comprised of a 750-billion-euro ($855

Editorial Team Legacy

Published 21 July 2020, 8:00 · Updated 22:04

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EU leaders strike deal on historic coronavirus stimulus package

Brussels

The 27 leaders of the European Union have struck a deal on a historic multi-billion-euro economic recovery package to curb the damage caused by the coronavirus pandemic, after four draining days of negotiations at a Brussels summit.

Comprised of a 750-billion-euro ($855 billion) stimulus spending pot and a regular seven-year EU budget worth 1.074 trillion euros, starting from 2021, it is the largest such combined package ever agreed in the EU.

EU leaders strike deal on historic coronavirus stimulus package

Editorial Team Legacy

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