July 21, 2020, 04.45 PM

BRUSSELS, KOMPAS.com — Exhausted European Union leaders have come to an agreement to the bloc’s unprecedented €1.8 trillion ($2.1 trillion) budget and coronavirus recovery fund on Tuesday.

The agreement marks the longest EU summit ever after four days and nights of negotiations and talks.

The 27 EU leaders demonstrated their commitment to providing European aid for member states that have been hardest hit by the coronavirus pandemic.

The Covid-19 virus has claimed the lives of 135,000 in the EU.

Read also: Deadlocked EU Leaders Inch Closer to an Agreement for Coronavirus Recovery Fund

The venue for the EU summit was complete hygienic gel everywhere while European Leaders donned masks.

This has become a reminder of the deadly health and economic risks the Covid-19 virus poses.

“Extraordinary events, and this is the pandemic that has reached us all, also require extraordinary new methods,” German Chancellor Angela Merkel said.

To confront the biggest recession in its history, the EU will establish a 750 billion-euro coronavirus fund, partly based on common borrowing, to be sent as loans and grants to the hardest-hit countries.

That is in addition to the agreement on the seven-year, 1 trillion-euro EU budget that leaders had been haggling over for months even before the pandemic.

Page:


Recommendation
Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
August 12, 2022, 04.41 PM

Researchers Warn of Melting Antarctic Ice Sheet

News
August 8, 2022, 09.07 AM

ASEAN Wraps Up Foreign Ministers Talks

Business
August 5, 2022, 10.13 PM

China Begins to Ship Bullet Trains to Indonesia

News
August 3, 2022, 02.03 PM

ASEAN Warns Myanmar Against More Executions

Close Ads