93.9 The Eagle – The News and Talk of Columbia, MO
(AP) — Weary European Union leaders finally clinched an unprecedented $2.1 trillion budget and coronavirus recovery fund early Tuesday.
They somehow found unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever.
To confront the biggest recession in its history, the EU reached a consenus on a 750 billion euro coronavirus fund to be sent as loans and grants to the countries hit hardest by the virus. That comes on top of the seven-year 1 trillion euro EU budget. At first the grants were to total 500 billion euros, but the figure was lowered to 390 billion euros.
