The coronavirus reconstruction fund is gradually coming together. Countries must present their plans to the European Commission by the end of April — then the Commission will evaluate them. Initial payments will be made this summer at the earliest, if Brussels gives the go-ahead. Securing the agreement for the €750 billion ($907 billion) package last summer was a huge political feat. For the first time ever, the EU is incurring debt in order to help member states recover financially from the pandemic. “Where reforms are concerned, the plans need to be more ambitious,” said Romanian politician and economist Siegfried Muresan, vice chair of the conservative European People’s Party (EPP) group in the European Parliament and a member of the budgetary committee. The specifications are clear: 37% of the money must be invested in climate protection measures, 20% in digital restructuring, the rest in welfare system reform, or in the public health fcare sector. Unemployment in Italy is female “Some countries still need to have a rethink,” stated Damian Boeselager from the Green Party group in the European Parliament. He said their plans need to take into consideration the fact that the crisis is hitting some members of society much harder than others, adding that… Read full this story
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