European Leaders Seek Historic Virus Bailout Deal at First Gathering in Months

European Leaders Seek Historic Virus Bailout Deal at First Gathering in Months

BRUSSELS—European Union leaders are meeting in person for the first time in five months on Friday and Saturday, hoping the human touch will allow them to seal a €1.8 trillion ($2 trillion) spending plan intended to lift the region out of the coronavirus-sparked economic crisis.

Yet weeks after the continent set out unprecedented ambitions for EU institutions to issue hundreds of billions of euros worth of commonly-financed debt to bolster the bloc’s economy, governments remain far apart on significant elements of the proposals….

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