"Settlement", reads the short line from EU Permanent Council President Charles Michel on Twitter, shortly after half past five on Tuesday morning, reports TT.

The deal involves corona support of 750 billion euros, of which 390 billion in grants. The long-term budget, in turn, lands at EUR 1,074 billion for the years 2021-27.

Sweden's negotiators accepted the compromise late last night. State Secretary Paula Carvalho Olovsson explained shortly after 11 pm last night to the Swedish press corps why Sweden is now ready to say yes.

- In the proposal that is now, we see several things that have gone our way, in terms of climate ambitions, discounts and conditions, she said.

"The question of the rule of law has, in addition to the grants, been the most difficult, but I think it can go the way, if it does not, there will be no settlement," said Carvalho Olovsson.

OK from the EU committee

Late in the evening, the Riksdag's EU committee also gave the green light. The committee's chairman Åsa Westlund (S) announced that it is free for Stefan Löfven to approve the proposal.

- I would say that he has been given a very clear mandate to say yes, she says to TT.

In the case of the support package, the grant component of the support package has been reduced to EUR 390 billion, while the loan component is EUR 360 billion. The distribution means a relatively large shift from the initial situation with 500 billion in grants and 250 billion in loans, but is even further from Sweden's and the other four frugal countries' starting bids that the entire package would consist of loans. During the weekend's negotiations, "the frugal ones" reached 375 billion to be paid as grants.