European Union Leaders Agree on Spending Plan for Recovery

BRUSSELS—European Union leaders agreed on a €1.eight trillion ($2.06 trillion) paying deal aimed at containing an unprecedented financial downturn by resorting to new measures that could in the end deepen the bloc’s financial integration.

The deal, designed all-around the bloc’s initial-at any time issuance of hundreds of billions of euros of widespread debt, arrived together early Tuesday just after 4 days of talks amongst the bloc’s 27 leaders. German Chancellor Angela Merkel and French President Emmanuel Macron were being pressured to compromise on what…