At some point after midnight last night....the EU concluded this Covid-19 aid package. ARD did a decent update and laid out the basic story....worth reading.
Key points:
- All 27 member states agreed in the end.
- Amount? 1.8-trillion Euro over 7 years.
- Grants? 390-billion Euro (not the 500-billion originally discussed)
- The 'rule of law' change? This was the big sticking point over most of the weekend. Various countries didn't want to be intimidated or forced to do things....to be entitled to their grant money. So a different rule was created to resolve.
The end? Well....there's still a Covid-19 recession going on, and no one feels that great over 2021 approaching. It wouldn't surprise me if the EU has to have another summit in the summer of 2021, and do a second round of miracle-work.
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