About: Recovery Fund

Economy & Jobs 07-07-2020

Italy, Spain and France worst performers as recession deepens

Italy, Spain and France will register the worst economic downturn among eurozone countries this year as the contraction will be more severe than previously expected, according to the latest European Commission forecast published on Tuesday (7 July).
Economy & Jobs 03-07-2020

Six months to reflect on the new world we want

Decision makers should ‘take a breath’ and come up with a comprehensive plan to achieve the digital and green future we want in the aftermath of the coronavirus crisis, officials and experts said.
Future EU 03-07-2020

Merkel and von der Leyen: Two long-time companions guiding Europe

They have ruled Germany together for 15 years. Now they are at Europe's helm. With the start of the German EU Presidency, Chancellor Angela Merkel and European Commission President Ursula von der Leyen have, together, forged plans to navigate Europe out of crisis, EURACTIV Germany reports.
Future EU 30-06-2020

Merkel and Macron show unity ahead of all-important EU summit

In a show of unity, French President Emmanuel Macron and German Chancellor Angela Merkel met on Monday (29 June) and reaffirmed their commitment to the EU Recovery Fund, voicing hope that EU leaders would overcome their current differences. EURACTIV Germany reports.
Economy & Jobs 23-06-2020

EU leaders to hold summit on 17-18 July on virus recovery package

The leaders of the 27 EU member states will meet in Brussels on July 17, their first physical summit since the coronavirus lockdown began, to discuss an economic recovery package and the EU's next seven-year budget.

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.
Economy & Jobs 19-06-2020

Merkel on EU Recovery Fund: ‘The bridges we have to build are large’

The European Council summit ended on Friday (19 June) without agreement on the EU recovery fund. However, German Chancellor Angela Merkel made it clear that she wants to act quickly, and the next round of negotiations is scheduled for mid-July. EURACTIV Germany reports.
Economy & Jobs 19-06-2020

Leaders pledge to agree on recovery package next month

EU leaders held “constructive” discussions on Friday on the EU’s €750 billion recovery fund to overcome the coronavirus crisis, and pledged to reach an agreement next month, despite the enormous differences among the member states. 
Economy & Jobs 19-06-2020

Fiscal adjustment needed to unlock recovery funds, EU official warns

EU leaders will discuss for the first time on Friday (19 June) the €750 billion recovery fund proposed by the Commission to overcome the coronavirus crisis. But in order to access EU aid, member states will have to bring down their ballooning public debt, an EU official explained.
Economy & Jobs 15-06-2020

IMF’s Georgieva: Kudos to Europe for the recovery fund

The managing director of the International Monetary Fund, Kristalina Georgieva, congratulated the EU for stepping up its collective response to the COVID-19 crisis with the proposed €750 billion recovery fund, but cautioned that the proposal will first have to survive “long nights of negotiations".

European energy decarbonisation: reinforcing the EU’s 2050 climate goal through a green recovery

Decarbonising the energy sector in Europe by 2050 is an ambitious, yet achievable objective.
Economy & Jobs 11-06-2020

EU agreement on recovery plan by July ‘very difficult’, officials warn

It will be “very difficult” to reach an agreement on the recovery fund and the EU's overall seven-year budget by July, as intended, given the disagreements over the size, the distribution of the stimulus and the attached conditions, EU officials and national diplomats acknowledged on Wednesday (10 June).
Economy & Jobs 10-06-2020

EU finance ministers examine recovery plan amid deep divisions

European Union finance ministers reviewed the EU’s €750 billion plan for post-pandemic recovery on Tuesday ahead of what will be fractious negotiations over who should get the cash and even over the legality of borrowing to offer grants. The European...
Economy & Jobs 10-06-2020

Ex-Eurogroup boss: Nobody is so stupid to propose to ‘just go back under 3% deficit’

As one of the most influential Eurogroup figures during the previous crisis, Thomas Wieser chaired the preparatory meetings of eurozone finance ministers between 2011 and 2018. In an interview with EURACTIV, the American-Austrian economist described the EU’s fiscal rules as “bad practical economics”, in particular for handling a crisis such as the current one.
Economy & Jobs 08-06-2020

Lagarde warns of market turbulences if no quick adoption of recovery fund

European Central Bank President Christine Lagarde called on member states on Monday (8 June) to urgently adopt the EU recovery plan, saying any delay could create “negative spillovers” in the markets and increase the costs of overcoming the recession. 

COVID-19 relief for fossil fuel industries risks green recovery plans

The failure of governments and central banks to set out a green recovery from the coronavirus crisis is threatening to derail vital UN climate talks aimed at staving off global catastrophe, campaigners have warned. EURACTIV's media partner, The Guardian, reports.
Economic governance 03-06-2020

Commission vows to break with troika-type conditions in recovery phase

It is increasingly evident that the European Commission has no intention to return to the tight cash-for-reform system to manage the recovery funds and that ‘hawkish’ member states could find it difficult to turn the proposed procedure into a troika-type oversight.
Agrifood 03-06-2020

Commission defends reinforced CAP budget to greening EU’s farming

It is very difficult to make EU's main farm policy greener when figures on the bottom line are red, said budget Commissioner Johannes Hahn in an attempt to uphold the latest proposal of increased spending for the Common Agricultural Policy (CAP).
Global Europe 03-06-2020

Commission to rely more on financial engineering for external action

The European Commission's fresh budget proposal is set to increase the overall financing available for external action but it will rely more on financial engineering, with guarantees and 'multiplier effects', than on traditional funding via the EU long-term budget.
Economy & Jobs 29-05-2020

Will the EU have a new ‘single market tax’ for multinationals?

The European Commission is working on a proposal for a new tax on multinationals operating on the single market to finance the recently proposed recovery fund, but the Commissioner for Internal Market, Thierry Breton, told EURACTIV he recommends being "very cautious" rather than too imaginative in picking new levies.
Politics 29-05-2020

Tweets of the Week: Election Anniversary, Cummings, Next Generation EU

One year since elections has left us all scarred, a trip during lockdown hits Cummings rep hard, and Ursula von der Leyen channels Jean-Luc Picard.
Economy & Jobs 28-05-2020

Von der Leyen’s other stimulus: A private sector boost of €600 billion

As part of its recovery plan, the European Commission wants to attract €600 billion of additional private investments in order to finance strategic sectors and support viable companies at risk of liquidity shortages in the aftermath of the COVID-19 crisis.
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.
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