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At the end of the four-day marathon, European Union member countries decided to create an economic recovery fund worth KRW 10.3 trillion to overcome Corona 19. European stocks and international oil prices have risen in anticipation of a stimulus, as it is said that Italy will be the biggest beneficiary.

Reporter Jeon Byeong-nam.

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EU, the leaders of 27 member states of the European Union, agreed to raise an economic recovery fund worth €750 billion and KRW 10.3 trillion in Korean money to save the economy from the impact of Corona19.

Of the funds, approximately 534 trillion won will be provided as subsidies that do not require repayment, and 493 trillion won will be provided in the form of loans to be repaid later.

The leaders of the member countries agreed to raise funds by issuing large-scale joint bonds.

The negotiations were settled dramatically after more than 90 hours of intense negotiations.

The leaders of the member states say the EU has prepared a countermeasure in the biggest crisis and it is a historic day.

[Emmanuel Mark Long / French president: through the budget provided through this plan, I am sure it would be able to respond to the health, economic and social challenges the EU is facing;

the maximum beneficiary of this agreement is the right corona 19 incident early direct hit It is expected to be Italy.

Italy will receive subsidies worth 112 trillion won from the EU and low-interest loans worth 173 trillion won, and Italian Prime Minister Giuseppe Conte welcomed the opportunity to bring the economy down to the top.

European stocks were also strong at the same time, and international oil prices also rose by more than $1 a barrel in anticipation of massive economic stimulus.