Europe has shown that it “can still act together”. “This is a historic change in our Europe and our euro zone,” said the Frenchman. “A major step has been taken.” “In two months, we managed to build a consensus so that this unprecedented recovery plan becomes a decision and therefore a reality,” he said. Angela Merkel said she was “very relieved” that after difficult negotiations, Europe has shown that it “can still act together”. This is “an important signal that goes beyond Europe”, “a response to the biggest crisis in the EU since its inception,” she said.
The head of government, Pedro Sanchez, in a separate press conference hailed “a great deal for Europe”, going so far as to call it “a real Marshall Plan”. After four days and four nights of the summit, the Europeans managed to agree on a recovery plan of 750 billion euros, financed for the first time by a common debt, and intended to revive a European economy put to earth by the coronavirus epidemic.