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EU inches toward landmark budget, virus recovery fund deal

EU inches toward landmark budget, virus recovery fund deal

The EU is on the brink of signing an agreement on a budget and a coronavirus recovery package, worth around$2.21T, Hungarian PM Viktor Orban said, signaling that the bloc has overcome objections from his country and Poland. The two countries had vetoed the deal earlier over a new mechanism that would allow Brussels to cut off EU funds to countries that violate Europe’s democratic standards.

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