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Weary but relieved, European Union leaders have finally clinched an unprecedented 1.82 trillion euro ($2.1 trillion) budget and coronavirus recovery fund, somehow finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever, AP reported.
To confront the biggest recession in its history, the EU reached a consensus 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.
