Post by account_disabled on Dec 25, 2023 21:04:10 GMT -7
EU reaches agreement 'Historic' €750 billion economic stimulus package to help member states hardest hit by the virus crisis After nearly five days of marathon discussions, and amid opposition from northern member states led by the Netherlands, which opposes handing out hundreds of billions of euros in grants to southern members who spend laxly on their budgets.
Charles B2B Email List Michel, President of the European Council Said early on Tuesday (July 21) after the leaders of 27 European Union (EU) member states reached an agreement that This success isn't just about the money. But it is also a matter of labor. The health and well-being of the people including the future of Europe President Emmanuel Macron of France Said during a joint press conference with Prime Minister Angela Germany's Merkel said This is a historic change for Europe.
And it is the first time that the EU has a truly joint economic stimulus plan. This will almost double the European budget over the next three years. The deal is worth 750 billion euros ($858 billion), and the European Council will raise money on behalf of the 27 member states from capital markets, which will include 390 billion euros in non-refundable grants, down from Of the 500 billion euros initially proposed, the remaining 360 billion euros will be low-interest loans.
Charles B2B Email List Michel, President of the European Council Said early on Tuesday (July 21) after the leaders of 27 European Union (EU) member states reached an agreement that This success isn't just about the money. But it is also a matter of labor. The health and well-being of the people including the future of Europe President Emmanuel Macron of France Said during a joint press conference with Prime Minister Angela Germany's Merkel said This is a historic change for Europe.
And it is the first time that the EU has a truly joint economic stimulus plan. This will almost double the European budget over the next three years. The deal is worth 750 billion euros ($858 billion), and the European Council will raise money on behalf of the 27 member states from capital markets, which will include 390 billion euros in non-refundable grants, down from Of the 500 billion euros initially proposed, the remaining 360 billion euros will be low-interest loans.