EU Leaders Reach Agreement on EUR 750 Billion (US 858 Billion) Recovery Plan

Following the announcement of the Recovery Plan by the European Commission on 27 May 2020, European leaders have now agreed to create a EUR 750 billion (US 858 billion) recovery fund to support the recovery of EU economies affected by the COVID-19 crisis. The Commission is expected to launch a first call for funding submissions in early autumn, and more will follow in 2021 and 2022.

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