July 21, 2020 / 3:37 AM / 16 days ago

EU leaders reach deal on post-pandemic recovery package for economy

Spain's Prime Minister Pedro Sanchez, France's President Emmanuel Macron and German Chancellor Angela Merkel look into documents during the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 20, 2020. John Thys/Pool via REUTERS

BRUSSELS (Reuters) - European Union leaders reached a deal on Tuesday morning on a post-pandemic recovery package for the economy of the 27-nation bloc offering 750 billion euros (677.91 billion pounds) in grants and loans to counter the effects of the COVID-19-indiced recession, officials said.

“Conclusions adopted!” one official present at the summit said.

Reporting by Jan Strupczewski

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