EU leaders agree corona recovery after epic summit

EU leaders finally reached a deal on a massive stimulus package to help their corona-hit economies in the small hours of Tuesday (21 July), after a testy marathon summit that went into its fifth day.

The agreed €750bn recovery package and the €1.074 trillion seven-year budget mean a milestone in the EU's history, as member states decided - temporarily - to borrow jointly a large amount of capital on the markets.

The deal was met with applause by the leaders at their first physica...