The EU’s leaders have agreed on a €750bn covid-19 recovery package
The union will borrow vast sums collectively for the first time
LIKE ALMOST everything else at this week’s European Council, which concluded at 5.30am on July 21st after five days of deliberation, the question of whether it was the longest EU summit in history was hotly contested. Some said it beat the record held by a mammoth discussion in Nice in 2000. Others thought it fell 25 minutes short. Either way, it was a landmark event. Most of the EU’s 27 national leaders emerged into the Brussels dawn claiming to have agreed to something historic. To judge by the soaring euro and plunging spreads, investors concurred.
This article appeared in the Europe section of the print edition under the headline “A big fiscal deal”
Europe July 25th 2020
- The EU’s leaders have agreed on a €750bn covid-19 recovery package
- The founding partnership behind this week’s EU deal
- After spreading covid-19, a huge European abattoir vows reforms
- A hotel developer in Athens obstructs the Acropolis
- A seaside-villa scandal sparks huge protests in Bulgaria
- Spain’s King Felipe is distancing himself from his father
- Why the EU is becoming more like a Chekhov play
From the July 25th 2020 edition
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