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Brussels/Bucharest — EU leaders meeting in Brussels have resolved a standoff with two eastern member states that threatened to delay a historic $2.2-trillion budget and stimulus package just as the latest wave of coronavirus infections ravages the continent’s economies.

A deal was agreed on Thursday with Hungary and Poland, which had angrily protested a mechanism tying funding to upholding democratic norms. The agreement paves the way for the EU to put into effect not just its seven-year budget but a €750bn pandemic relief package that will be financed by joint debt...

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