About: Pandemic Recovery Fund

MEPs warn of insufficient control over EU climate spending

The European Parliament rejected on Thursday (23 July) the hard-won decisions of the EU Council. MEPs criticised, among other things, cuts to climate programmes and voiced fear that billions of euros could fall into the wrong hands. EURACTIV Germany reports.
Economy & Jobs 22-07-2020

German industry pleased with EU summit result

German business associations are cheering the deal EU leaders reached at a marathon summit that ended on Tuesday morning (21 July), and they have every reason to do so, explains economic researcher Jürgen Matthes. But some observers are displeased with cuts in funding for innovation, research or defence. EURACTIV Germany reports.
Economy & Jobs 16-07-2020

ECB to sit tight as EU leaders shape virus recovery plan

European Central Bank governors are expected to refrain from doling out fresh stimulus medicine Thursday, hoping EU leaders will do their bit to shore up the crisis-hit region with a huge coronavirus recovery plan.

Green budget rules won’t be the hottest potato at EU summit talks

Plans to reserve 30% of European Union spending for climate objectives will not be the hottest topic on the agenda when EU leaders meet on Friday (17 July). And that may be good news for the climate.
EU Priorities 2020 08-07-2020

Merkel asks EU Parliament for ‘willingness to compromise’ ahead of mini-summit

German Chancellor Angela Merkel was set to take part in a "mini-summit" with the leaders of the EU institutions in Brussels on Wednesday evening (8 July). It is her first trip abroad since the coronavirus crisis started, testifying to how seriously she is taking her second and last German presidency of the EU Council. EURACTIV Germany reports.
Economy & Jobs 08-07-2020

Italy will not accept ‘weak compromise’ on EU recovery fund, PM says

Italian Prime Minister Giuseppe Conte said on Tuesday (7 July) the European Union must act decisively to build a common response to the economic crisis caused by the COVID-19 pandemic, urging that support measures be activated rapidly.
Politics 26-06-2020

Europeans disillusioned with EU coronavirus response, new poll finds

A new poll conducted in nine member states has revealed both widespread public disapproval of the EU’s coronavirus response and agreement on  the need for greater European cooperation. EURACTIV Germany reports.

EU recovery fund leaves €1.6 trillion investment gap towards climate targets, experts say

Calculations by experts now show that the EU's planned economic rescue package, worth €750 billion, is nowhere near enough to achieve the bloc's climate targets. Even in the best-case scenario, only one-third of the costs would be covered. EURACTIV Germany reports.
Energy 09-06-2020

Green building advocates ‘underwhelmed’ by EU recovery plan

When the European Commission unveiled its proposed €750 billion recovery fund two weeks ago, green activists were expecting a detailed spending programme, with billions of euros allocated to clean mobility, renewables, and an upcoming EU-wide building renovation wave.
Economy & Jobs 28-05-2020

‘A quantum leap’: German MEPs welcome EU debt for recovery plan

Until recently, the German government resisted taking on joint EU debt. Now, Germans are heaping praise on the recovery plan presented today by the EU Commission. EURACTIV Germany reports.
Future EU 28-05-2020

All eyes on Germany’s ‘crisis’ presidency, expected to lead EU recovery

The outbreak of the coronavirus pandemic has forced Germany to radically revise the priorities for its EU Council Presidency in the second half of the year. One thing is clear: the biggest EU country takes the helm in the midst of an unprecedented crisis, at a crucial time for the bloc's recovery efforts. EURACTIV Germany reports.
Politics 27-05-2020

Taming the ‘Frugal Four’: the challenge facing the German Presidency

The European Commission has presented its proposal for a recovery fund as part of the draft EU budget. Now the member states must be convinced, a task that will fall on Berlin when Germany takes over the EU Council Presidency in July, EURACTIV Germany reports.
Economy & Jobs 26-05-2020

German and French NGOs call on governments to make green investments

One day before the EU Commission presents its long-awaited proposal for an EU reconstruction programme, a group of German and French civil society organisations has sent a letter to their respective governments. EURACTIV Germany reports.
Economy & Jobs 20-05-2020

‘Frugal Four’ working on counter-proposal to Franco-German recovery fund

The €500 billion Franco-German EU recovery plan, presented on Monday (18 May), is too generous, according to the "Frugal Four" countries, who are working on a counter-proposal insisting on loans instead of grants and subsidies, diplomatic circles confirmed to EURACTIV Germany.
Economy & Jobs 19-05-2020

Merkel and Macron roll out €500 billion COVID-19 recovery initiative

German Chancellor Angela Merkel and French President Emmanuel Macron announced their joint proposal for a €500 billion European recovery programme following a virtual conference on Monday (18 May). The initiative seeks to bring Europe out of the crisis “united and in solidarity,” and prepare the EU for future challenges. EURACTIV Germany reports.
Economy & Jobs 07-05-2020

EU finance ministers to pass on ECB ruling

The Eurogroup will discuss on Friday (8 May) the German Constitutional Court's controversial ruling on the European Central Bank's critical bond-buying programme but will not take a position, according to EU sources. 

Energy firms rally behind green stimulus call

A coalition of 40 global businesses – including energy majors such as BP, Iberdrola, Orsted, and Shell – have called on governments to support "a massive wave of investments in renewable electricity" and other low-carbon energy solutions when devising recovery plans from the COVID-19 pandemic.

Green Deal will be ‘our motor for the recovery’, von der Leyen says

European Commission President Ursula von der Leyen promised on Tuesday (28 April) to put the European Green Deal at the centre of the EU’s recovery plan, echoing similar statements made by German Chancellor Angela Merkel.
Economy & Jobs 23-04-2020

Council seeks to narrow differences over COVID-19 recovery fund

EU leaders meet on Thursday (23 April) for the fourth time in seven weeks to narrow their differences on how to set up a recovery fund to counter the economic fallout of the COVID-19 crisis.
Economy & Jobs 23-04-2020

Experts warn against using EU budget for COVID-19 recovery plan

EU leaders are meeting on Thursday (23 April) to discuss how to boost the bloc’s economy following the COVID-19 crisis. But whatever the recovery plan looks like, experts consulted by EURACTIV warned against linking it to the EU budget. 
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