EU Approves $2 2 Trillion Stimulus Plan Backed by Joint Debt msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
EU Chiefs Back Tough Emission Goal After Last-Minute Scuffle
Bloomberg 12/11/2020 Ewa Krukowska
(Bloomberg) European Union leaders have agreed to more aggressive cuts in greenhouse gas emissions over the next decade, one year after launching a moonshot Green Deal that led the way for other major economies to raise their climate ambitions.
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The decision to cut pollution by at least 55% by 2030, up from 40% previously, was expected. But it helps keep global momentum on the issue going into 2021, when incoming U.S. President Joe Biden plans to re-join the landmark Paris Agreement and set a 2050 net-zero goal. It also gives European leaders a bold new commitment to tout at a global climate meeting on Saturday.
EU Leaders Poised to Unlock Budget, Stimulus Deal at Key Summit
Viktoria Dendrinou, Bloomberg News Angela Merkel, Germany s chancellor, right, and Emmanuel Macron, France s president, speak to journalists as they arrive at a European Union (EU) leaders summit in Brussels, Belgium, on Thursday, Dec. 10, 2020. EU leaders will likely approve today a landmark stimulus package, after Germany brokered a compromise with Hungary and Poland to lift their veto over the deal. , Bloomberg
(Bloomberg) European Union leaders gathering in Brussels are expected to sign off on the blocâs landmark $2.2 trillion stimulus package after a compromise struck with Poland and Hungary was set to unblock the flow of rescue funds to the continentâs battered economies.