EU Leaders Agree on Pandemic Recovery Plan and Seven-Year Budget

ZAGREB, July 21, 2020 – EU leaders have agreed on the pandemic recovery plan and seven-year budget after marathon talks, Prime Minister Andrej Plenkovic announced on Twitter early on Tuesday morning.

“The meeting has ended #EUCO. We have adopted #NextGenerationEU and #EUBudget for the next seven years. We are bringing Croatia 22 billion euro as a guarantee of a quick economic recovery and further balanced development of the country,” Plenkovic tweeted.

The EU summit lasted nearly five days. It resumed at 9.30 pm on Monday and lasted through the night.

On the table was a €1.074tn Multiannual Financial Framework and a €750bn recovery plan consisting of €390 billion in grants and €360 billion in loans.

 

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