- aid deal
- 財政支援策（後出 clinch a deal は支援策をまとめる）
- recovery fund
- find unity
- 景気後退（後出 tailspin は厳しい不景気、contraction は縮小）
- plunge ～ into ...
- 【写真説明】 chancellor
EU nations seal $2.1 tril. budget, virus aid deal
BRUSSELS (AP) — Weary European Union (EU) leaders finally clinched a deal for an unprecedented 1.8 trillion euro ($2.1 trillion) budget and coronavirus recovery fund on July 21, somehow finding unity after four days of wrangling over money and power in one of their longest ever summits.
To confront the biggest recession in its history, the EU will establish a 750 billion euro coronavirus fund to be distributed as loans and grants to the hardest-hit countries. That comes on top of the seven-year 1 trillion euro EU budget. At first the grants were to total 500 billion euros, but the figure was brought down to 390 billion euros.
"The consequences will be historic," French President Emmanuel Macron said. "We have created a possibility of taking up loans together, of setting up a recovery fund in the spirit of solidarity."
The coronavirus has sent the 27 EU nations into a tailspin, killing around 135,000 citizens and plunging the region's economy into an estimated contraction of 8.3% this year.