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21 Jul 2020

EU’s von der Leyen: Deal on the recovery fund and budget is a signal Europe is able to act

Ursula von der Leyen, President of the European Commission said in a statement on Tuesday, the agreement on the recovery fund and budget is a signal Europe is able to act.

Additional quotes

"Europe has the imagination and courage to think big, this is a historic moment in Europe."

"We have now new revenue streams for the EU, linked to the repayment of the borrowing for recovery."

"The new budget will power the European green deal and digitalization."

"Europe as a whole has now a big chance to come out stronger from the crisis."

"Tonight, is a big step forward toward recovery."

Jul 21, 2020

EU’s Michel: The deal is a pivotal moment in the Union’s history

Addressing a press conference announcing the much-awaited Recovery Fund deal, the European Union (EU) Summit Chairman and Council President Charles Mi

EUR/USD pops and drops as EU reaches fiscal deal

EUR/USD jumped to fresh multi-month highs on Tuesday after Reuters reported that the European Union has reached a highly-anticipated deal on the EUR 7