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July 21, 2020

Europe

EU: A politically transformative deal, but unlikely to be the last word

BY Carsten Nickel

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( 4 mins) After lengthy talks, EU leaders have agreed on a new budget and a recovery fund, demonstrating member states’ continued commitment in a moment of severe crisis. The deal is politically transformative in that it sets a powerful precedent, allowing the Commission to issue joint debt, part of which will be passed on to crisis-hit economies […]

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