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World shares rallied to their highest since February and the euro hit its strongest in 18 months on Tuesday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus. The willingness to raise a 750 billion-euro ($857 billion) fund in capital markets on behalf of all 27 EU states was an unprecedented act of solidarity in almost seven decades of European integration. EU summit Chairman Charles Michel presented the final plan as a “pivotal” moment to dispel doubts about the bloc’s future.
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