EU leaders seal COVID-19 recovery deal, finally « Khabarhub
Thursday, June 13th, 2024

EU leaders seal COVID-19 recovery deal, finally


21 July 2020  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: EU leaders have struck a deal on a huge post-coronavirus recovery package following after several days of negotiations.

It will see the 27-nation bloc offering €750bn (£677bn; $859bn) in grants and loans to counter the economic impact of the pandemic.

Summit chairman 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, according to a document seen by AFP news agency.

It was reached alongside agreement on the bloc’s next seven-year budget, worth about €1.1tn.

The summit, which began in Brussels on Friday morning, saw more than 90 hours of talks and became the EU’s longest since a 2000 meeting in the French city of Nice, which lasted for five days.

(With inputs from Agencies)

Publish Date : 21 July 2020 10:30 AM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Lawmaker Gurung proposes downsizing federal ministries to 12

KATHMANDU: Deputy General Secretary of CPN-UML, Prithvi Subba Gurung, has

Bhattarai criticizes label of ‘Indian agent’, calls for new political force to address national issues

KATHMANDU: Dr. Baburam Bhattarai, Chairman of Nepal Socialist Party and

CK Raut advocates for directly elected Prime Minister system

KATHMANDU: The Janamat Party Chairman and lawmaker Dr. Chandra Kant

Former CJ Shrestha informed about RSS services

KATHMANDU: Former Chief Justice Kalyan Shrestha today visited the RSS