Ezz_steel1
Arab Steel Summit
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
Slide
Arab Steel Summit
Kallanish3_23_2
Arab Steel Summit

EU leaders reach a breakthrough on the region’s 750 billion euro recovery fund

The 27 European Union governments have reached a breakthrough agreement over the region’s 750 billion euro pandemic recovery fund, following marathon talks in Brussels.

European Council President Charles Michel said he believes this deal will be seen as a “pivotal moment” for Europe.

“We did it! Europe is strong. Europe is united,” he said in an early Tuesday press conference announcing the agreement. “These were, of course, difficult negotiations in very difficult times for all Europeans.”

Michel said the agreement “is a good deal, this is a strong deal and, most importantly, this is the right deal

for Europe right now.”

The heads of state have been locked in talks since Friday morning to discuss the proposed fund and the EU’s next budget. However, deep differences on how to divide the amount between grants and loans, how to oversee its investment and how to link it with the EU’s democratic values prolonged the talks into one of the longest EU summits in history.

“Europe, as a whole, has now a big chance to come out stronger from the crisis,” European Commission President Ursula von der Leyen said.

“We have a lot of work ahead of us, but tonight is a big step forward towards recovery,” she said.

n terms of other measures, the EU has already approved a 540 billion euro package of short-term fiscal stimulus to address the ongoing economic shock. This comes on top of what the individual governments announced separately for their own economies since the pandemic first struck Europe.

Twitter
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1
Arab Steel Summit

Latest News

الاتحاد العربي للحديد والصلب

لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

Information

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org