EU LEADERS AGREE ON LANDMARK ECONOMIC STIMULUS PLAN


21/07/2020




Serhat TUNAR -TDO- Leaders of 27 European Union member states have agreed on a 750 billion euro economic rescue package to combat the economic consequences of the Coronavirus outbreak.

European Union leaders had been in talks since Friday on the recovery program and future budget prepared to counter the economic effects of the Coronavirus outbreak. On the fifth day of the summit, an agreement was reached on a 750 billion euro economic rescue package to combat the consequences of the outbreak.

At the summit, the leaders discussed the size of the bailout plan, the amount of grants and loans included, and the terms of the Supervisory Mechanism to be implemented for them.


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