The €672.5 billion facility is at the heart of the EU's extraordinary recovery effort, Next Generation EU (NGEU): the €750 billion plan agreed by EU leaders in July 2020. To finance the recovery, the EU will borrow on the markets at more favourable rates than many Member States and redistribute the amounts. finalise the adoption of the MFF Regulation and the Own Resources Decision, Council decided to adopt the next long-term EU budget, agreement on the Recovery and Resilience Facility, Questions and answers on the adoption of the EU's long-term budget for 2021-2027, European Commission to issue €62.9 billion worth bonds under existing programmes in 2021, EU budget 2021: A kick-start of the European recovery, EU budget: European Commission welcomes the adoption of the EU's long-term budget for 2021-2027, Recovery from coronavirus: success stories, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media, research and innovation, via Horizon Europe, fair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme, preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEU and a new health programme, EU4Health, modernising traditional policies such as cohesion and the common agricultural policy, to maximise their contribution to the Union's priorities, fighting climate change, with 30% of the EU funds, the highest share ever of the European budget, biodiversity protection and gender equality, a financial contribution linked to the corporate sector, Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU): NextGenerationEU also includes €47.5 billion for REACT-EU. … EU recovery fund: Frugal Five not as frugal anymore Thursday, 26 November 2020 The leaders of the Frugal 5 at the European Council: Mark Rutte (The Netherlands), Sebastian Kurz (Austria), Sanna Marin (Finland), Stefan Löfven (Sweden) and Mette Frederiksen (Denmark), credit: EU EU €750 billion Covid recovery fund comes with green conditions Published on 27/05/2020, 2:37pm. Watch the full interview with budget committee chair Johan Van Overtveldt. On April 23, 2020, the European Council mandated the European Commission to work on a European Recovery Fund and to clarify its possible link with the Multiannual Financial Framework (MFF), the EU’s long-term budget. THE EU's recovery fund will face severe delays unless Brussels adopts a rarely used 'eurozone stabilisation procedure', a political commentator has claimed. The Belgian MEP said the EU’s €1.8 trillion budget and coronavirus recovery fund would have “far-reaching political consequences” as crooked capitals delve into the huge war chest. The need for a significant stimulus to reboot the EU economy comes at a time when voices calling for increased green investment are also on the rise. THE EU's recovery fund will face severe delays unless Brussels adopts a rarely used 'eurozone stabilisation procedure', a political commentator has claimed. These countries were known as being hostile to increasing the size of the EU budget and delayed an agreement on the recovery fund because they opposed funding it by common debt. Van Overtveldt described the Commission’s Green Deal as “a start”, but warned that the proposals are “incomplete and dangerously underfinanced”. Guntram Wolff Director of Bruegel. (Бюджет на ЕС: Европейската комисия приветства постигането на споразумение за пакет от 1,8 трилиона евро, за да се подпомогне изграждането на по-екологична, по-цифровизирана и по-устойчива Европа), (Presupuesto de la UE: la Comisión Europea se congratula del acuerdo alcanzado sobre un paquete de 1,8 billones de euros para ayudar a construir una Europa más ecológica, más digital y más resiliente), (Rozpočet EU: Evropská komise vítá dohodu o balíčku 1,8 bilionu eur, který pomůže vybudovat ekologičtější, digitálnější a odolnější Evropu), (EU-budgettet: Europa-Kommissionen glæder sig over aftale om pakke på 1,8 bio. Fitch will consider the European Commission's borrowing to fund NGEU grants as debt of the EU as a supranational entity. Guntram Wolff is Director of Bruegel and a member of the French prime minister’s Conseil d’Analyse Economique. According to the EU Recovery Fund, Italy should receive € 209 billion over the next six years, of which about 81 is for grants and 128 for loans to be repaid with interest. Learn about the tendering process and opportunities for doing business with the European Commission. Of the money, €390bn will be distributed in grants while €360bn will be given out in the form of repayable loans. EU27 leaders agreed on: — EUR 750 bn recovery fund. MEP Guy Verhofstadt wants the European Parliament to now deal with the shortcomings of the EU recovery deal (Photo: European Parliament) By Guy Verhofstadt. To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe. By LORNE COOK and RAF CASERT December 10, 2020 GMT. The programmes are Horizon Europe, Erasmus+, EU4Health, Integrated Border Management Fund, Rights and Values, Creative Europe, InvestEU, European Border and Coast Guard Agency, Humanitarian Aid. EU seals deal on massive long-term budget and virus recovery fund. Parliament has also called for a large-scale recovery package to support Europe’s economy after the crisis. by: LORNE COOK and RAF CASERT, Associated Press . According to the EU Recovery Fund, Italy should receive € 209 billion over the next six years, of which about 81 is for grants and 128 for loans to be repaid with interest. On 17 December 2020, the Council decided to adopt the next long-term EU budget for the period 2021-2027. 3 | July 21, 2020 EU Monitor Lagarde who said that “the EU steps up and comes together to help the people of Europe.”4 Our main takeaways In a press conference on Tuesday morning, President Michel presented the hard won results. The Commission relies on the commitment of Member States to proceed as quickly as possible, in the interest of all EU citizens. The framework proposal was immediately followed by legislative proposals for the 37 sectoral programmes (e.g. Earlier, on 18 May, Germany and France (through its respective leadership) presented a joint recovery plan for Europe. The big challenge will be to find the right balance.”. EU recovery fund and budget negotiations aren't over yet. The EU fund involves €390 billion in … Negotiators for the European Parliament and the Council of the EU reached the preliminary deal on the €672.5 billion Recovery and Resilience Facility (RRF) in a final push that began Thursday morning. A recovery fund worth €750bn (£670bn; $825bn) has been proposed by the EU's executive Commission to help the EU tackle an "unprecedented crisis". The text also stipulates that the mechanism only applies to the 2021-2027 EU budget and recovery fund, and that "the European Council will strive to formulate a common position" should a country facing penalties request a discussion of its case. EU leaders have resolved a bitter dispute with Poland and Hungary to salvage the bloc's landmark coronavirus recovery plan, but argued overnight and into this morning on fighting climate change. On 10 November 2020, the European Parliament and the Council reached an agreement on the package. In order to find a solution that can be agreed by all sides, Van Overtveldt said there must be a compromise: “There has to be solidarity, certainly, vis-à-vis the countries hardest hit by Covid-19, but there also has to be responsibility. GREEN BOOST. But doling out €750 billion in grants and loans will be a tricky task. It is a new initiative that continues and extends the crisis response and crisis repair measures delivered through the. EU strikes deal on $2.21 trillion seven-year budget and recovery package considered vital for many European … 22 Δεκεμβρίου 2020, 23:21 . Updated / Tuesday, 21 Jul 2020 19:25 The EU summit produced a Covid recovery fund and a €1.8 trillion budget package Ahead of a vote on plans to revise the post-2020 EU budget, the chair of Parliament’s budget committee Johan Van Overtveldt warned the economic recovery would be “slow and gradual” and that the prediction of a 7.5% decline in economic activity this year is a “mild forecast”. European Union countries whose economies have been battered by the coronavirus pandemic are impatiently waiting to get their hands on the recovery fund, sanctioned by the EU. On Wednesday 27 May, the European Commission was the third to present a plan for the EU recovery fund in less than a week. French President Emmanuel Macron, left, speaks with European Commission President Ursula von der Leyen as Hungary's Prime Minister Viktor Orban, right, speaks with Poland's Prime Minister Mateusz Morawiecki during a round table meeting at an EU summit in Brussels, … Van Overtveldt stressed that this must be embedded in the EU's long-term budget: “The recovery fund should be substantial but it should also be part of the next [ budget], for 2021-2027 and not something apart.”, With the EU's current long-term budget set to end in December, Van Overtveldt underlined the importance of a contingency plan in case of failure to reach agreement on the post-2020 budget in time: “When we get into June, time becomes short to get the [budget] approved and up and running in time and a discontinuity of current EU programmes would be very bad for citizens and for the reputation and political coherence of the EU.”, The budget committee chair urged other EU institutions to take note of Parliament’s stance: “The consent of Parliament has to be obtained and that surely is much less a sure thing than it was with the outgoing [long-term budget], so the Commission and Council should take notice of what the Parliament is aiming for. Find out how. EUR 750 bn EU Recovery Fund: Deal! Before the EU summit was adjourned after all-night talks, a compromise was proposed that would reduce the proportion of grants to about 50% of the fund, or €375 billion ($429 billion). The Commission’s plan for the recovery fund was introduced during the plenary session in May together with a revised proposal for the EU's 2021-2027 budget amounting to €1.1 trillion. Anyone can benefit from the EU budget. The Commission proposed the Facility on 27 May 2020 as the centrepiece of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the immediate economic and social damage brought about by the coronavirus pandemic. The European Commission will move to launch the EU’s proposed €750 billion recovery fund without Hungary and Poland if there’s no breakthrough in the budget deadlock at next week’s European Council, Commission President Ursula von der Leyen told European Parliament President David Sassoli on Wednesday, according to two Parliament officials. Parliament is insisting that climate action is at the core of the post-pandemic recovery. EU strikes deal on landmark budget, virus recovery fund. And yet this divisiveness has been baked into the EU recovery fund, complete with country allocations drawn up even before we know the effects of the recession on each region. The European Commission is expected to table proposals on the recovery fund shortly, but there are already deep divisions on, for example, whether countries should be given loans or grants. The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. Source: European Commission. The 1.82 trillion-euro ($2.21 trillion) seven-year budget and recovery package was meant to come into effect on Jan. 1. "The 25 EU member states could set up the recovery fund in accordance with this model, and even integrate the European Commission," Thiele says. It is a budget fit not only for today's realities but also for tomorrow's uncertainties. The Dutch Prime Minister Mark Rutte even demanded the right of a single member state to veto the disbursement of the money. The Multiannual Financial Framework (MFF) and the EU’s Recovery Plan for Europe – dubbed NextGeneration EU – have finally been given the green light by the European Council after Poland and Hungary withdrew their vetoes yesterday (Thursday, December 10). The EU long-term budget will continue to be financed through the well-known revenue sources of the EU budget: In addition, as of 1 January 2021, a new national contribution based on non-recycled plastic packaging waste will be introduced as a source of revenue of the EU budget. That followed a frenzy of meetings this week, including an … Find open and upcoming calls for funding proposals, get background information on funding processes and programmes, and apply online. The coronavirus outbreak is testing the EU in ways that would have been unthinkable only months ago. EU breaks deadlock on budget, coronavirus recovery fund Leaders have agreed to pass the new budget and coronavirus recovery fund, including holdouts Hungary and Poland. EU recovery fund and the EU budget is positive for the CEE region with the EU transfers into CEE in the 2021-27 period rising vs the prior budget. The commission said it expects the whole 750 billion-euro recovery effort agreed by EU leaders to deliver a … Marta Domínguez-Jiménez contributed to this article. In April, European leaders already agreed such a fund is necessary to fuel the economic recovery after the major dip this year caused by the corona crisis. Brussels, 22. Jul, 12:00. The EU's agreement on a Recovery and Resilience Fund (RFF) to fight the economic consequences of the Covid crisis can be seen as one of the most historic feats of the bloc in recent decades. The EU’s recovery fund proposals: crisis relief with massive redistribution. On 10 December 2020, EU Member States in the European Council agreed to finalise the adoption of the MFF Regulation and the Own Resources Decision, at the level of the Council. By James Frater , CNN Business. The largest stimulus package ever In an interview on Parliament’s Facebook page, the Belgian ECR member noted there is still a great deal of incertitude: “Not even in wartime has economic life come to a halt with such suddenness. MEP Guy Verhofstadt wants the European Parliament to now deal with the shortcomings of the EU recovery deal (Photo: European Parliament) By Guy Verhofstadt. Updated 6:05 PM ET, Mon July 20, 2020 . To ensure democratic scrutiny and accountability, members insisted on safeguarding Parliament’s role. Will there be a second round of lockdowns? A new 2021-2027 Multiannual Financial Framework (MFF) amounting to € 1,074.3 billion was agreed by EU-27 leaders, with a 750 billion Recovery Fund on top. * The amounts include the targeted reinforcement of ten programmes for a total of €15 billion, compared to the agreement from 21 July 2020. Europos Komisija palankiai vertina susitarimą dėl 1,8 trln.EUR vertės priemonių rinkinio, kuris padės kurti ekologiškesnę, labiau skaitmeninę ir atsparesnę Europą), (Uniós költségvetés: Az Európai Bizottság üdvözli a zöldebb, digitálisabb és ellenállóbb Európára irányuló, 1,8 billió eurós csomagról született megállapodást), (Il-baġit tal-UE: Il-Kummissjoni Ewropea tilqa' l-ftehim dwar pakkett ta' EUR 1.8 triljun biex jgħin fil-bini ta' Ewropa aktar ekoloġika, aktar diġitali u aktar reżiljenti), (EU-begroting: Europese Commissie ingenomen met akkoord over pakket van 1,8 biljoen euro dat een groener, digitaler en veerkrachtiger Europa tot stand helpt brengen), (Budżet UE: Komisja Europejska z zadowoleniem przyjmuje porozumienie w sprawie pakietu o wartości 1,8 bln euro, który pomoże w budowie bardziej ekologicznej, cyfrowej i odpornej Europy), (Bugetul UE: Comisia Europeană salută acordul privind pachetul în valoare de 1,8 mii de miliarde EUR care va contribui la construirea unei Europe mai verzi, mai digitale și mai reziliente), (Rozpočet EÚ: Európska komisia víta dohodu o balíku v objeme 1,8 bilióna eur, ktorý pomôže vybudovať zelenšiu, digitálnejšiu a odolnejšiu Európu), (Proračun EU: Evropska komisija pozdravlja dogovor o svežnju v vrednosti 1,8 bilijona evrov, ki bo pomagal zgraditi bolj zeleno, bolj digitalno in odpornejšo Evropo), (EU:n talousarvio: Euroopan komissio on tyytyväinen sopimukseen 1,8 biljoonan euron paketista, jolla tuetaan vihreämmän, digitaalisemman ja kestävämmän Euroopan rakentamista), (EU:s budget: EU-kommissionen välkomnar överenskommelsen om ett paket på 1,8 biljoner euro som ska bidra till att bygga ett grönare, mer digitalt och mer motståndskraftigt Europa), (Часът на Европа: възстановяване и подготовка за следващото поколение), (El momento de Europa: reparar los daños y preparar el futuro para la próxima generación), (Chvíle pro Evropu: náprava škod a příprava na příští generaci), (Et vigtigt øjeblik for Europa: Genopretning og forberedelser til den næste generation), (Mitteilung - Die Stunde Europas – Schäden beheben und Perspektiven für die nächste Generation eröffnen), (Euroopa võimalus: parandame vead ja teeme ettevalmistusi järgmise põlvkonna jaoks), (Η ώρα της Ευρώπης: ανασύνταξη και προετοιμασία για την επόμενη γενιά), (Communication: L'heure de l'Europe: réparer les dommages et préparer l'avenir pour la prochaine génération), (Europa na djelu: oporavak i priprema za sljedeću generaciju), (Il momento dell'Europa: riparare i danni e preparare il futuro per la prossima generazione), (Eiropas lielā stunda – jāatjaunojas un jāsagatavo ceļš nākamajai paaudzei), (Proga Europai atsigauti ir paruošti dirvą naujai kartai), (Európa nagy pillanata: Helyreállítás és felkészülés – a jövő generációért), (Il-mument tal-Ewropa: Tiswija u Tħejjija għall-Ġenerazzjoni li Jmiss), (Het moment van Europa: herstel en voorbereiding voor de volgende generatie), (Decydujący moment dla Europy: naprawa i przygotowanie na następną generację), (A Hora da Europa: Reparar os Danos e Preparar o Futuro para a Próxima Geração), (Acum este momentul Europei: să reparăm prejudiciile aduse de criză și să pregătim viitorul pentru noua generație), (Správny čas pre Európu: náprava škôd a príprava budúcnosti pre ďalšie generácie), (Čas za Evropo: obnova in priprava za naslednjo generacijo), (Euroopan h-hetki: korjaamalla ja kehittämällä parempaa seuraavalle sukupolvelle), (EU vid ett vägskäl – bygga upp och bygga nytt för nästa generation), (Бюджетът на ЕС осигурява ресурс за плана за възстановяването на Европа), (El presupuesto de la UE: motor del plan de recuperación para Europa), (Rozpočet EU, který je motorem evropského plánu na podporu oživení), (EU-budgettet som drivkraft bag genopretningsplanen for Europa), (Der EU-Haushalt als Motor für den Europäischen Aufbauplan), (ELi eelarve, mis toetab Euroopa majanduse taastekava), (Ο προϋπολογισμός της ΕΕ τροφοδοτεί το σχέδιο ανάκαμψης για την Ευρώπη), (Le budget de l’Union: moteur du plan de relance pour l’Europe), (Proračun EU-a za provedbu europskog plana oporavka), (Il bilancio dell'UE come motore del piano per la ripresa europea), (ES budžets - Eiropas atveseļošanas plāna dzinējspēks), (ES biudžetas Europos ekonomikos gaivinimo planui įgyvendinti), (Uniós költségvetés – az európai helyreállítási terv motorja), (Il-baġit tal-UE jmexxi l-pjan ta' rkupru għall-Ewropa), (De EU-begroting als drijvende kracht achter het herstelplan voor Europa), (Um orçamento da UE que potencia o plano de recuperação da Europa), (Un buget al UE care capacitează puterea de acțiune a planului de redresare pentru Europa), (Rozpočet EÚ umožňujúci realizáciu plánu obnovy Európy), (Proračun EU kot gonilo načrta okrevanja za Evropo), (EU:n talousarvio Euroopan elpymissuunnitelman moottorina), (EU-budgeten som motor i den europeiska återhämtningsplanen), (2020 Adjusted Commission Work Programme), (Adjusted Commission Work Programme 2020 - Annexes), Commission proposal for a new long-term EU budget and recovery plan, EU’s next long-term budget & NextgenerationEU - Key facts and figures, Questions and Answers on the agreement on the €1.8 trillion package to help build greener, more digital and more resilient Europe, EU budget: European Commission welcomes agreement on €1.8 trillion package to help build greener, more digital and more resilient Europe, Communication: Europe’s moment: Repair and Prepare for the Next Generation, Communication: The EU budget powering the recovery plan for Europe, Commission Staff Working Document: Identifying Europe's recovery need, Adjusted Commission Work Programme 2020 - Annexes, This site is managed by the Directorate-General for Communication, commission_proposal_for_a_new_long-term_eu_budget_and_recovery_plan, Financing the EU long-term budget and NextGenerationEU, A clear roadmap towards new sources of revenue to help repay the borrowing, Coronavirus Response Investment Initiative, Coronavirus Response Investment Initiative Plus, European Regional Development Fund (ERDF), European Fund for Aid to the Most Deprived (FEAD), grants allocation per Member State (2018 prices), MFF 2021-2027 Breakdown of Cohesion Policy allocations per Member State (2018 prices), MFF 2021-2027 Breakdown of Cohesion Policy allocations per Member State (current prices), MFF 2021-2027 Breakdown of direct payments (within EAGF) per Member State (current prices), MFF 2021-2027 Breakdown of European Agricultural Fund for Rural Development per Member State (MFF only, current prices), Learn about the tendering process and opportunities for doing business with the European Commission, proposal for the EU’s next long-term budget, the temporary recovery instrument NextGenerationEU. The package will be … European Union leaders meet for a year-end … In its resolution adopted on 15 May, Parliament called for a €2 trillion recovery package to address the impact of the coronavirus. This was the final step in the adoption process following the vote in the European Parliament on 16 December, which endorsed the MFF Regulation with a significant majority. They also stressed that the package should be focussed on people’s needs. Posted: Dec 10, 2020 / 07:28 AM EST / Updated: Dec 10, 2020 / 07:28 AM EST. For the first time in its history, the EU will borrow from capital markets to finance expenditures throughout the Union. It would be financed through joint long-term debt issued by the EC on behalf of … cohesion, agriculture, Erasmus, Horizon Europe, etc). Hungary’s Prime Minister Viktor Orban speaks as he arrives for an EU summit at the European Council building in Brussels, Thursday, Dec. 10, 2020. Fitch will treat the NGEU grants as budget-neutral, in line with Eurostat's preliminary guidance on the statistical recording of the Recovery and Resilience Fund (RRF). For the Commission to start borrowing under NextGenerationEU, thus making the instrument operational, the ratification of the new Own Resources Decision by all Member States in line with their constitutional requirements is still needed. In its resolution adopted on 15 May, Parliament called for a €2 trillion recovery package to address the impact of the coronavirus. Negotiations on the MFF for the period 2021-2027 were at an advanced state when the coronavirus-induced economic crisis hit the EU. They also wanted to impose stricter conditions on the member states receiving the funding. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. As the new EU wide funding means lower downside risks to the CEE key export market and higher odds of a synchronised EU recovery, this … The Commission’s plan for the recovery fund was introduced during the plenary session in May together with a revised proposal for the EU's 2021-2027 budget amounting to €1.1 trillion. EU recovery fund and budget negotiations aren't over yet. It is not so much the size and imminent economic impact that is so consequential but rather the symbolism for European solidarity. Businesses, workers, NGOs across Europe are demanding the rapid release of money from both the EU budget and the Recovery Fund. EU leaders have agreed on a landmark 750 billion euro ($860 billion) recovery fund for the reconstruction of the region disrupted by the coronavirus pandemic.. BRUSSELS (Reuters) - European Union leaders unblocked on Thursday a 1.8 trillion euro financial package to help the economy recover from the pandemic-induced recession after reaching a … He also referred to the potential for “greening” the EU economy through agriculture and cohesion funding which account for roughly two thirds of the EU budget. Poorer European Union countries and those hardest hit economically by the COVID-19 crisis could obtain up to 15% of their GNI in grants and guarantees from the EU’s proposed recovery instruments. The Commission put forward its proposal for the EU’s next long-term budget on 2 May 2018. EU leaders have struck a deal on a landmark coronavirus recovery package that will involve the European Commission undertaking massive borrowing on the capital markets for the first time.

Bassotto Piebald Blu, Rappresentativo In Inglese, Cento Sonetti D'amore Wikipedia, Cuore Nero Canzone, Fiori Di Compleanno Da Scaricare, Esempi Di Compiti Di Realtà Scuola Primaria Matematica, Ricorso Gerarchico Note Caratteristiche Fac Simile, Ci Sono Anch'io Spotify, Balli Di Gruppo Classici, ,Sitemap