About: Recovery Fund

Commission to trigger mechanism that could see Hungary lose EU funds

The European Commission announced on Tuesday (5 April) that it will trigger a conditionality mechanism linking EU funds to the rule of law, just days after Hungary's general election saw Prime Minister Viktor Orban secure a fourth consecutive term.

EU states dedicate €150 billion of recovery funds to social spending

EU governments will spend around €150 billion of the recovery fund in social objetives, with half of this money allocated to education and health, according to European Commission’s preliminary figures.

EU ministers clear Irish and Czech recovery plans 

EU finance ministers approved on Monday (6 September) the recovery plans submitted by Ireland and Czech Republic, meaning that the proposals sent by 18 member states since April to access the coronavirus fund have now been validated.

Tweets of the Week: LGBTIQ divide, EUCO, Recovery Tour

Stadium lights are not political, member states stay critical, and Von der Leyen sees it all.

EU Commission approves COVID-19 recovery fund for Spain, Portugal

Brussels has approved the coronavirus recovery funds for Spain and Portugal during a visit by European Commission President Ursula von der Leyen to the two countries. EURACTIV’s partner EFE reported.

Commission convinces markets with first issuance of recovery bonds

The European Commission raised €20 billion in the markets on Tuesday (15 June) to start financing the EU’s €800 billion recovery fund, beating its expectations for the planned monthly bond sale.

Dombrovskis: ‘We are quite satisfied with the recovery plans submitted’

The EU’s framework to coordinate national economies this year has been shaped by the recovery and resilience plans. The Commission’s executive vice-president for economy, Valdis Dombrovskis, told a group of media including EURACTIV that overall, the EU executive is satisfied with the recovery plans submitted by 23 member states.

Commission to start borrowing recovery funds in June

The European Commission confirmed on Monday (31 May) that it will start borrowing the €800 billion needed to finance the recovery fund in June, after all member states gave their approval to the issuance of EU debt which is on an unprecedented scale.

Germany, France, Italy, Spain push for implementation of recovery fund

Finance ministers of Germany, France, Italy, and Spain urged member states on Wednesday (28 April) to submit their recovery plans and pressed the European Commission to speed up the assessment of the investment and reform proposals. 

Recovery funds begin to arrive in Spanish regions

The Spanish government has in the last weeks already advanced €2.1 billion of its coronavirus recovery programme, amounting to 7.9% of the €26 billion Spain is expected to receive in EU funds this year, Spanish financial media reported.

Member states press Commission to speed up evaluation of recovery plans

Some EU finance ministers are expected to request the European Commission on Friday (16 April) to shorten the two-month evaluation period of the recovery plans in order to speed up the implementation of the long-awaited European stimulus.

Recovery fund faces new hurdles with first disbursements

The European Commission could find it difficult to transfer the first tranche of the recovery funds to all member states according to its calendar, as most plans are expected to be approved at the same time and there will be limited capacity to borrow from the markets.

Spain to focus COVID-19 recovery funds on ecological transition, digitalisation

Spain plans to invest 68% of its share of the EU’s post-pandemic recovery fund in ecological transition and digitalisation between 2021 and 2023, EURACTIV’s partner EuroEFE reports.

Europe looks for investment to spur its ailing recovery

Difficulties never come alone in the EU. The German Constitutional court’s decision to halt the ratification of the EU’s recovery fund on 26 March is the latest challenge faced by the EU in the battle against the Covid-19 pandemic.

EU unemployment reinsurance scheme falls off Commission’s radar 

An EU reinsurance scheme to support national unemployment benefits was not part of the European Pillar of Social Rights Action Plan presented on Thursday (4 March), although the European Commission has been supportive of the idea.

Aviation sustainability and concerns over the implementation of the recovery fund

In the first edition of EURACTIV’s Yellow Room, we are talking about the European airline industry’s sustainability plan to achieve carbon neutrality by 2050. The aviation sector is facing the double challenge of coming up with alternative fuel solutions but...

Investors ‘concerned’ about EU recovery fund rollout, warns ESM chief

EU’s recovery funds could start flowing to member states before summer. Still, investors are “concerned” about the speed of the implementation of the EU’s joint stimulus, the European Stability Mechanism said on Monday (15 February).

EU’s Gentiloni calls for greater involvement of unions in recovery plans

The economic crisis caused by COVID-19 could turn into a “social crisis”, the EU's economic  affairs commissioner Paolo Gentiloni has warned, calling for greater involvement from trade unions in the elaboration of national recovery plans. 

Sanchez praises EU unity, insists Spain will implement COVID recovery funds

Unity at the national and EU level will be key for Spain and Europe to overcome the unprecedented challenges posed by the pandemic, Spanish Prime Minister Pedro Sánchez has said, adding that his government would successfully implement the €140 billion from the EU for the country's pandemic response and recovery.

2021: Build back to the future

The EU will double down on its efforts to use the Covid-19 crisis to accelerate the ‘Green’ and digital transitions, fuelled by its €1.95 trillion stimulus, an intense policy agenda and new trade opportunities to improve its global standing.

EU leaders unlock historic €1.8 trillion budget deal

EU leaders accepted on Thursday (10 December) the compromise reached between Germany and Hungary and Poland to unblock the EU budget package totalling €1.8 trillion, after the European Commission clarified that the Rule of Law mechanism will be valid from 1 January.

EU leaders to decide on compromise to unblock EU budget package

EU leaders will discuss on Thursday (10 December) whether to approve the compromise negotiated by the German presidency to drop Hungary and Poland’s vetoes to the EU budget deal, postponing of the Rule of Law mechanism until EU judges validate it.

EU gives Hungary and Poland 24 hours to lift veto

The EU will start preparing a recovery fund against the pandemic without Hungary and Poland unless the two countries lift by Tuesday their veto to the EU budget and the stimulus totalling € 1.8 trillion agreed last July, a senior EU diplomat said.