Chinanews.com, July 21st. Comprehensive foreign media reported that on the 21st local time, the leaders of the 27 EU countries finally discussed the economic recovery plan after the epidemic of 750 billion euros and the next 7 years in a 90-minute summit. The EU budget reached an agreement.
The EU summit was held on July 17, and it was the first face-to-face meeting between EU leaders since the outbreak of the new crown epidemic in Europe. Because the leaders of the 27 EU countries failed to reach an agreement on a 750 billion euro bailout plan, the duration of the meeting was repeatedly extended.
On July 17, local time, in Brussels, Belgium, French President Macron and German Chancellor Merkel attended the EU face-to-face summit.
According to reports, on the morning of the 21st local time, the leaders of the EU member states finally reached an agreement on the economic recovery plan after the new crown epidemic. The plan will provide a total of 750 billion euros in grants and loans to 27 member states.
In addition, EU countries have agreed on a fiscal plan with a total value of 1.074 trillion euros between 2021 and 2027.
French President Macron said: "This is a historic day for Europe."
German Chancellor Angela Merkel also expressed satisfaction with the outcome of the EU summit and believed that compromise between all parties was a good outcome of the negotiations.