About: Recovery Fund
Lagarde vows to act ‘with determination’ against second wave
European Central Bank President Christine Lagarde said on Thursday (19 November) that the institution will act "with determination” against the second wave of the pandemic, ahead of the new monetary stimulus she is expected to announce in December.
Commission green-lights extra spending to avoid double-dip recession
The European Commission has given its blessing to the draft budgetary plans submitted by the 19 eurozone countries, containing the extra spending to combat the risk of a new recession, but warned about the growing imbalances in many EU economies.
Hungary and Poland veto stimulus against pandemic
Hungary and Poland blocked the approval of the EU’s seven-year budget and the recovery fund totalling €1.81 trillion, as both countries continued to oppose the rule of law mechanism attached to the EU funds.
EU farming recovery fund to be rolled out from 2021
A provisional agreement has been struck on the rollout of recovery funds in the EU agricultural sector, which will make a total of €10 billion available for farmers from 2021 up until the end of 2022.
Eurogroup excludes additional EU stimulus against second virus wave
Eurozone finance ministers said late on Tuesday (3 November) that Europe “is now better equipped” to address the COVID-19 crisis and ruled out new joint measures to tackle the second wave of the virus.
Parliament pushes for easing recovery fund conditionality
The European Parliament will fight to loosen the conditionality required from national governments in order to receive money from the EU recovery fund, according to the negotiating position MEPs will adopt this week.
Green EU funding is decided, now it must be spent wisely, says energy commissioner
30% of the EU's €1.8 trillion budget and recovery plan for 2021-2027 will be made available for the green transition. That amount is no longer up for negotiation and the focus must now shift to spending it well, said Kadri Simson, the EU's energy commissioner.
Parliament and Council near agreement on rule of law conditionality
The European Parliament and the Council were close to reaching an agreement on Thursday (29 October) on the Rule of Law conditionality attached to EU funds, but they continued to disagree on how to trigger the mechanism.
Economic support will last ‘as long as necessary’, says Gentiloni
Given the increasing number of covid-19 cases and the risk of a double-dip recession, the support to the European economy will be maintained “as much as is needed, for as long as is needed”, said on Tuesday (27 October) commissioner for Economy, Paolo Gentiloni.
Sassoli calls for ‘imagination’ to overcome budget negotiations deadlock
European Parliament President David Sassoli asked EU leaders on Thursday (15 October) to increase their financial contributions to the EU budget and called for “imagination” to make progress on the stalled negotiations.
Budget battle heats up as negotiators hit stalemate
The European Parliament and the Council failed to make any progress on Wednesday (14 October) on the budget negotiations and accused each other of presenting misleading figures of the additional funds requested for the EU’s long-term budget.
No progress on EU’s long-term budget negotiations
EU member states and the European Parliament continued to disagree on Friday (18 September) on whether to increase the Union’s long-term budget, complicating attempts to reach a quick agreement on the badly needed recovery fund for the member states.
It is optimistic to expect recovery funds by mid-2021, says EU official
The approval process for the EU’s €750 billion recovery funds may take longer than foreseen, and it would be optimistic to expect the first disbursements by mid-2021, an EU official said on Thursday (17 September).
Finance ministers to discuss fiscal dumping inside the EU at Berlin meeting
EU finance ministers will discuss how to combat harmful tax practices within the EU during their informal meeting in Berlin this weekend, according to the German presidency's preparatory documents seen by EURACTIV.
Parliament wants to top up EU budget with €110 billion
The European Parliament on Monday (7 September) requested a €110 billion increase to the EU’s seven-year budget and legally binding commitments on the introduction of new levies to finance the bloc's €750 billion stimulus against the COVID-19 crisis, EURACTIV has learnt.
Economy agenda: Recovery and taxation to dominate the EU’s priorities
The implementation of the EU’s recovery fund and taxation will dominate the second half of the year, as both issues will top the German presidency agenda, and new resources are needed to finance the stimulus package to respond to the coronavirus crisis.
Investing post-COVID: Is a green recovery assured?
As policymakers turn their attention to the economic recovery post-COVID, there is a risk that investments in a green recovery may be side-lined.
Michel gives control to member states to facilitate recovery fund deal
European Council President, Charles Michel, proposed on Friday (10 July) to give more control to member states over the recovery funds to overcome Northern member states’s opposition to the ambitious stimulus.
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).
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.
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.
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.
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.