July 21, 2020 / 3:39 AM / in 19 days

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

German Chancellor Angela Merkel, speaks with Spain's Prime Minister Pedro Sanchez, and French President Emmanuel Macron during a round table meeting at an EU summit in Brussels, Belgium, July 20, 2020. Francisco Seco/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 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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