EU Leaders Approve Historic $2.2 Trillion Stimulus Plan

The video discusses the EU's agreement on the budget and recovery fund, resolving a standoff with Hungary and Poland. It highlights the EU's commitment to a 55% emissions reduction target by 2030, compared to 1990 levels, which has increased the EU carbon price. The video also covers Poland's concerns about the impact of these targets on its coal industry and the need for financial support for a greener transition.

What was the significance of the European Recovery Fund mentioned in the text?

What was the reaction of the European leaders after reaching the agreement?