European Council President Charles Michel, German Chancellor Angela Merkel and French President Emmanuel Macron (L to R) talk before the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic. (Photos: Xinhua)

European Council President Charles Michel chairs the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.

Finnish Prime Minister Sanna Marin arrives for the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.

Photo taken on Dec. 10, 2020 shows a scene at the EU summit in Brussels, Belgium. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.

European Commission President Ursula von der Leyen arrives for the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.

German Chancellor Angela Merkel arrives for the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.

European Parliament President David Sassoli (L) talks with Italian Prime Minister Giuseppe Conte before the EU summit in Brussels, Belgium, on Dec. 10, 2020. The leaders of the 27 European Union (EU) member states on Thursday reached an agreement on the EU long-term budget and recovery fund, paving way for the implementation of the recovery package totaling over 1.8 trillion euros (2.19 trillion U.S. dollars) to tackle the socio-economic consequences of COVID-19 pandemic.