After days of EU leaders trying to negotiate a 750 billion EU fund to aid European countries and businesses recover from Covid-19, PM Robelt Abela comes back to Malta with €2.25 billiondouble the amount Malta had for the past 7 years.

This is the biggest funding package Malta has ever received from the EU. It is as the Prime Minister said in a tweet earlier this morning – “A great Result for Malta”

This 2.25 billion funding package will include  €1.923 billion from the European budget for the next 7 years as well as €327 million recovery fund.

Our Prime Minister wasn’t the only one which was glad on how the deal was settled. French President Emmanuel Macron said the deal was “truly historic” and that this fund would meet the challenges this pandemic has brought. Charles Michel, President of the European Council tweeted simply “Deal!” just before a media conference.

“We did it! We have reached a deal on the recovery package and the European budget for 2021-2027. This is a strong deal. And most importantly, the right deal for Europe right now,” Charles said.

“It is about a lot more than money. It is about workers and families, their jobs, their health and their well-being. I believe this agreement will be seen as a pivotal moment in Europe’s journey, but it will also launch us into the future,” he added

As the deal is is done from the surface, it still faces more technical negotiations from the EU parliament. You can read about the previous article about this EU funding deal here.