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21 July 2020

FT: Two cheers for Europe’s €750bn recovery fund

After marathon and often fraught negotiations, the bloc’s leaders reached a momentous deal for a €750bn recovery fund, to help cushion the effects of a coronavirus-induced economic slump, as well as a new seven-year year budget worth €1.074tn.

For the first time, the EU’s 27 leaders have agreed,...

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