The European Union (EU) has recently approved a $750 billion stimulus package to aid member countries in recovering from the economic impact of the COVID-19 pandemic. The package includes both grants and loans, aimed at supporting economies that have been hit hardest by the crisis. This is a historic decision for the EU, marking the first time that the bloc will raise large sums of money collectively on the financial markets. The approval of this stimulus package is seen as a significant step towards economic recovery and solidarity among EU member countries.


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