EU's €750bn recovery fund is also a gesture of solidarity

The amount won't resolve the bloc's  big issues, but will boost economies and appease disgruntled southern members, says 

Dutch prime minister, Mark Rutte, centre left, elbow-bumps  European Council president, Charles Michel, centre right,  with German chancellor, Angela Merkel, to the right, during the EU recovery fund negotiations on Tuesday. Picture: Stephanie Lecocq/AP

AFTER four days of tough negotiations and painful compromises, European leaders have agreed a  €750bn recovery fund. 

As a gesture towards Italy, Spain, and other countries reeling from the Covid-19 crisis, the agreement is a major step forward for the European Union (EU), but doesn't address the eurozone’s deepest problems.