European Union Reaches Deal On Budget And Virus Relief Package

The EU has agreed on a significant financial package to aid recovery from the COVID-19 pandemic. This includes an $850 billion fund for loans and grants, and a $1 trillion budget for the next seven years. Despite initial resistance, EU leaders reached a consensus, emphasizing the importance of this deal for Europe's recovery. The package now awaits approval from the European Parliament.

What was the primary reason for the EU's financial package?

• To reduce taxes across the EU

• To fund technological advancements

• To increase trade within the EU

• To support countries affected by the coronavirus pandemic

How much is the EU's coronavirus fund worth?

• $500 billion

• $750 billion

• $850 billion

• $1 trillion

What is the total budget set for the EU for the next seven years?

• $1 trillion

• $850 billion

• $500 billion

• $1.5 trillion

What was a concern for some countries regarding the financial package?

• The timeline for implementation

• The amount of borrowing involved

• The overall cost

• The distribution method

Who announced the deal on the recovery package on social media?

• The President of the European Commission

• The President of the European Council

• The Prime Minister of Italy

• The Chancellor of Germany