European Council President Charles Michel and European Commission President Ursula von der Leyen announced the successful conclusion of a EU recovery fund negotiation, in Brussels, on Tuesday.
Michel made the announcement saying, «Europe is strong, Europe is United.»
He added, «I believe that this agreement will be seen as a pivotal moment in Europe's journey. But it will also launch us into the future.»
Von der Leyen said, «Today we have taken a historic step, we can all be proud,» adding, «Now have to work with the European Parliament to secure agreement. We have a lot of work ahead of us, but tonight is a big step forward towards recovery.»
The agreement was reached following a four-day negotiation round between the European Union's 27 member nations, the longest summit in the last 20 years.