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EU Leaders Aim to Strike Coronavirus Rescue Deal by End of July

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BRUSSELS—European Union leaders are aiming to agree on a coronavirus-crisis recovery plan worth hundreds of billions of euros by the end of July, they said Friday after a videoconference, but strong differences remain over how to craft the package.

The bloc’s leaders had their first serious discussion of the economic recovery plan and the multiyear budget proposed by the European Commission last month. The plan would see the Commission, the EU’s executive body, take the unprecedented step of borrowing hundreds of billions…

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