Post by habibkhan13 on Feb 17, 2024 6:37:35 GMT
563000007694301 EU reaches agreement 'Historic' €750 billion economic stimulus package to help member states hardest hit by the virus crisis After nearly five days of marathon discussions, and amid opposition from northern members led by the Netherlands, who object to handing out hundreds of billions of euros in grants to southern members who spend laxly on their budgets, panel president Charles Michel said. European Minister Said early on Tuesday (July 21) after the leaders of 27 European Union (EU) member states reached an agreement that This success isn't just about the money.
But it is also a matter of labor. The health and well-being Algeria Email List of the people including the future of Europe President Emmanuel Macron of France Said during a joint press conference with Prime Minister Angela Germany's Merkel said This is a historic change for Europe. And it is the first time that the EU has a truly joint economic stimulus plan. This will almost double Europe's budget over the next three years. The deal is worth 750 billion euros ($858 billion), and the European Council will mobilize money from capital markets on behalf of the 27 member states to bring it.
The allocation includes 390 billion euros in non-refundable grants, down from the 500 billion initially proposed, with the remaining 360 billion euros being low-interest loans. The EU has previously been slow to act together on the coronavirus response. and became even weaker after England withdrew. But the cooperation in this stimulus plan indicates that The EU can stand up to the crisis and remain united. Leaders also hope that The deal, together with an associated €1.1 trillion budget for 2021-2027, will help repair an economy facing the deepest recession since World War II.
But it is also a matter of labor. The health and well-being Algeria Email List of the people including the future of Europe President Emmanuel Macron of France Said during a joint press conference with Prime Minister Angela Germany's Merkel said This is a historic change for Europe. And it is the first time that the EU has a truly joint economic stimulus plan. This will almost double Europe's budget over the next three years. The deal is worth 750 billion euros ($858 billion), and the European Council will mobilize money from capital markets on behalf of the 27 member states to bring it.
The allocation includes 390 billion euros in non-refundable grants, down from the 500 billion initially proposed, with the remaining 360 billion euros being low-interest loans. The EU has previously been slow to act together on the coronavirus response. and became even weaker after England withdrew. But the cooperation in this stimulus plan indicates that The EU can stand up to the crisis and remain united. Leaders also hope that The deal, together with an associated €1.1 trillion budget for 2021-2027, will help repair an economy facing the deepest recession since World War II.