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World

27. 05. 2020. 20:11   >>  20:11 0

TODAY

European Commission presents long-term budget and recovery plan

Today, the European Commission has put forward its proposal for a major recovery plan. To ensure the recovery is sustainable, even, inclusive and fair for all member states, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget.

The Commission has also unveiled its adjusted Work Programme for 2020, which will prioritise the actions needed to propel Europe's recovery and resilience.

However, there have been The biggest controversy, however, has been over the Franco-German proposal line, which envisions the European Commission taking over a debt of 500 billion euros, in order to directly help the countries hardest hit by the corona crisis.On Saturday, the "frugal four" countries led by Austria (plus the Netherlands, Denmark and Sweden) opposed the plan.Austrian Chancellor Sebastian Kurz sent a short letter to the heads of state and government of other EU members, announcing his proposal which does not state a specific amount, but stipulates that the aid should be fixed for two years and given in the form of a loan, not a grant.

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