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Politicians and traders cheered the historic settlement amongst European Union leaders to throw southern members a €750 billion ($862 billion) lifeline to offset financial harm from the coronavirus pandemic.
For the primary time, the EU will borrow tons of of billions of euros on debt markets to hand governments grants with few strings hooked up. The funding, a part of a €1.eight trillion spending package deal settled in Brussels early Tuesday, goals to let Italy, Spain and others resuscitate their economies with out piling on unsustainably…
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