The leaders of the 27 EU countries reached an agreement on Tuesday on a historic post-coronavirus stimulus package, on the fifth day of a marathon summit in Brussels, European Council President Charles Michel announced on Twitter.
A common debt created for the first time
“Deal!” Tweeted the Belgian. The object of a fierce battle between the "frugal" countries and the Franco-German couple, this plan of 750 billion euros creates for the first time a common debt, and is backed up by a multiannual budget of the EU (2021 -2027) of 1.074 billion euros.
Deal!
- Charles Michel (@eucopresident) July 21, 2020A "historic day" for Emmanuel Macron
"Historic day for Europe," exclaimed French President Emmanuel Macron on Twitter, seconds after the announcement of this agreement.
Historic day for Europe!
- Emmanuel Macron (@EmmanuelMacron) July 21, 2020