The European Union (EU) has announced a new stimulus package worth €750 billion to aid member countries in recovering from the economic impacts of the COVID-19 pandemic. This package is part of the EU’s larger €1.8 trillion budget and recovery plan, which aims to support member states through grants and loans. The agreement is seen as a significant step forward in ensuring the economic stability of the EU as it navigates the challenges brought about by the ongoing global health crisis.


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