EU reaches deal on post-pandemic recovery


Stimulus galore: The European Central Bank has pumped huge amounts of money into economies to keep them going. — AP

BRUSSELS: European Union (EU) leaders agreed on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting yesterday after a fractious summit that lasted almost five days.

Summit chairman Charles Michel tweeted “Deal” shortly after the 27 leaders reached agreement at a 5.15am plenary session.

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