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EU reaches $1.2 trillion deal on coronavirus recovery after marathon Brussels summit – ABC News

The agreement comes after 100 hours of negotiations, with European Commission President Ursula von der Leyen hailing it as a “huge milestone” in ensuring the EU’s future.

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European Union leaders have reached a deal on a massive stimulus plan for their coronavirus-blighted economies, after a fractious summit in Brussels that went through the night and into a fifth day.
Key points:

  • The recovery fund is worth 750 billion euros ($1.2 trillion).
  • But it took EU leaders 100 hours of talks to reach agreement
  • Northern nations, led by the Netherlands, had blocked elements of the deal

Summit chairman Charles Michel tweeted “Deal!” when th…

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