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European Union agrees on $2 trillion package but fudges deal on rule of law By Luke McGee and James Frater, CNN Updated 4:59 PM ET, Thu December 10, 2020 Germany s Chancellor Angela Merkel (L) and France s President Emmanuel Macron attend prior the start of the European Union Council in Brussels on July 17, 2020. Brussels (CNN)The leaders of the European Union s 27 member states have reached a final agreement on the $2 trillion package designed to rebuild the bloc s faltering economies in the wake of the coronavirus recession. The package comprises the EU s €1.1 trillion ($1.3 trillion) Multi-annual Financial Framework, which is paid into by every member state and distributed across the bloc over a seven-year period, and a special Covid recovery fund of €750 billion ($858 billion), for which the EU will centrally raise money on financial markets and hand out as both loans and grants to member states.

Bruxelles capitaleJakub jaraczewskiVera jourovaCharles michelDemocracy reporting internationalEuropean unionEuropean commissionEuropean courtEu councilMultiannual financial frameworkCovid recovering trumpMember statesப்ரூக்ஸெல்ஸ் தலைநகரம்சார்லஸ் மைக்கேல்ஜனநாயகம் புகாரளித்தல் சர்வதேசஐரோப்பிய தொழிற்சங்கம்