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COOPERATIVESEUROPE_DEF.png?profile=RESIZE_400xCooperatives Europe welcomed the deal but said it regretted some cuts in EU programmes and policies from previous proposals

In a historic first the European Council has agreed a plan for member states to borrow and spend collectively, as part of a €750bn recovery package to rebuild their economies.

The council, composed of leaders of the EU’s 27 member states, negotiated for four days before agreeing the recovery package, which includes a new recovery instrument, Next Generation EU, embedded within a revamped long-term EU budget.

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Co-operative News - Global Hub

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