The Taoiseach says the multi-billion euro EU deal on a coronavirus recovery package is good for Ireland.
It was agreed overnight following lengthy and tense discussions.
390 billion euro of the fund will go to countries in the form of non-repayable grants and 360 billion in repayable loans.
Most of the rest will be used to set up a fund with grants to support the economies most affected by COVID-19.
The bulk of the money will be channeled through programmes in which the European Parliament is involved.
Ireland will also receive some additional €300m of the European Agricultural Fund for Rural Development (EAFRD) for supporting rural development.
This will be allocated between 2021 and 2027.
Micheál Martin believes it's a good package for Ireland and Europe.
