Home World 750 billion: EU countries adopt Corona package – view

750 billion: EU countries adopt Corona package – view

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In the fight against the Corona economic crisis, the EU countries have agreed on the largest budget and financial package in their history. The compromise was accepted by the 27 member states after more than four days of negotiations early Tuesday morning at a special summit in Brussels, as councilor Charles Michel said on Twitter. Together, the package comprises EUR 1.8 trillion – thereof EUR 1074 billion for the next seven-year budget and EUR 750 billion for an economic and investment program to combat the consequences of the pandemic crisis.

With the financial package, the European Union wants to fight the historic economic downturn and keep the EU internal market together. At the same time, investments should be made in the conversion to a more digital and climate-friendly economy. For this, debts are being raised on a large scale in the name of the EU, the money is redistributed and repaid together over decades.

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