The European Parliament has passed the EU's seven year budget 

The European Parliament has passed the EU's seven year budget 

The European Parliament has passed its seven-year EU budget by an overwhelming majority, paving the way for the EU to pursue key programs in the coming year, Euronews reports.

The €1.8 trillion budget and coronavirus recovery package was agreed by the European Council earlier this month, and was passed in the EP on Wednesday evening with 548 votes in favour, 81 against and 66 abstentions.

It includes a €15 billion top-up for 10 programmes, which it said will boost the fight against coronavirus, provide opportunities for the next generation, and protect European values.

The EP president, David Sassoli, called it a "historic budget for a historic moment," which lays the foundations for a "greener and fairer Europe".

The road to getting the budget passed was dogged by issues related to Hungary and Poland, who threatened to veto it due to opposition to a mechanism that would make some funds conditional on a member state's respect for core European values.

But a compromise was reached, with the mechanism suspended while the EU draws up plans for how it could be used.

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