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EU leaders unblock 1.8 trillion euro budget, recovery fund, eye climate goals
By , BRUSSELS (Reuters) - European Union leaders unblocked on Thursday a 1.8 trillion euro financial package to help the economy recover from the pandemic-induced recession after reaching a compromise with Poland and Hungary, the chairman of EU leaders Charles Michel said.The deal on the 1.1 trillion euro Multiannual Financial Framework (MFF) and a historic recovery fund also paves the way for the 27-nation bloc to agree on more ambitious cuts in greenhouse gas emissions - by 55% by 2030 against 1990 levels, rather than by 40% as now.The new climate goals will be discussed by leaders later...…By , BRUSSELS (Reuters) - European Union leaders unblocked on Thursday a 1.8 trillion euro financial package to help the economy recover from the pandemic-induced recession after reaching a compromise with Poland and Hungary, the chairman of EU leaders Charles Michel said.The deal on the 1.1 trillion euro Multiannual Financial Framework (MFF) and a historic recovery fund also paves the way for the 27-nation bloc to agree on more ambitious cuts in greenhouse gas emissions - by 55% by 2030 against 1990 levels, rather than by 40% as now.The new climate goals will be discussed by leaders later...WW…
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