EU leaders reach deal on post-pandemic recovery package for economy

Credit: REUTERS/POOL

European Union leaders reached a deal on Tuesday morning on a post-pandemic recovery package for the economy of the 27-nation bloc offering 750 billion euros in grants and loans to counter the effects of the COVID-19-indiced recession, officials said.

BRUSSELS, July 21 (Reuters) - European Union leaders reached a deal on Tuesday morning on a post-pandemic recovery package for the economy of the 27-nation bloc offering 750 billion euros in grants and loans to counter the effects of the COVID-19-indiced recession, officials said.

"Conclusions adopted!" one official present at the summit said.

(Reporting by Jan Strupczewski)

((jan.strupczewski@thomsonreuters.com; +32 2 287 68 37; Reuters Messaging: jan.strupczewski.reuters.com@reuters.net))

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