Agreements offers budget covid crisis, how money spend in right way offer 750 million Euro.
Fund for Green deals recovery and digitisation and investment recovery.
European Union leaders have finally agreed a €1.82trn budget and coronavirus recovery fund after four days of sometimes bitter negotiations.
The €750bn (£677bn) coronavirus fund will be used as loans and grants to the countries hit hardest by the virus.
vonderleyen·Today we’ve taken a historic step, we all can be proud of. But other important steps remain. First and most important: to gain the support of the European Parliament. Nobody should take our European Union for granted. It is our common responsibility to deliver.
EU leaders reach recovery deal after marathon summit.
Charles Michel said it was a “pivotal moment” for Europe.
Talks which began on Friday saw a split between nations hardest hit by the outbreak and “frugal” members who were concerned about costs.
The deal centres on a €390bn programme of grants to member states hardest hit by the pandemic,
European Union leaders reached an agreement early Tuesday on a $2.1 trillion budget and coronavirus relief package.
European Union leaders on Tuesday agreed to a €750 billion plan to rescue the economies of coronavirus-hit countries.
The 750-billion-euro ($858-billion) deal was sealed after intense negotiation that saw threats of a French walkout and a Hungarian veto and fierce opposition from the Netherlands and Austria to too generous a package.
“These were of course, difficult negotiations in very difficult times for all Europeans,” EU Council Chief Charles Michel said, whose job was to guide the tortuous talks over more than 90 hours.
He dubbed the summit “a marathon which ended in success for all 27 member states, but especially for the people.”