The 27 heads of state and government of the European Union have reached a compromise on “the recovery plan”. An agreement hailed by MEPs who nevertheless regretted the budget cuts.
A 750 billion euro stimulus plan
After intense negotiations, the 27 leaders of theEuropean Union have reached a “historic agreement” concerning the Recovery plan, after the health crisis in coronavirus.
The President of the European Council, Charles Michel and the President of the Commission, Ursula von der Leyen came to present to MEPs, this Recovery plan amounting to 750 billion euros as well as the future multiannual budget of theME.
“Solidarity is finally here”, but …
As reported by the France Info channel, the heads of the main parliamentary groups welcomed this agreement to Brussels. “Solidarity is finally here”, rejoiced Manfred Weber, the boss of the European right. After the parliamentary session, he praised the principle of a large common loan, but denounced the budget cuts in certain European programs.
This opinion is shared with Dacian Ciolos, president of the centrists. “The Council prefers to prioritize the European fund to finance more national programs to the detriment of Community programs”, he announced. According to him, digital, research, youth and Erasmus, the health crisis program, cannot be sacrificed.
Unprecedented strike force
In addition, the president Ursula von der Leyen estimated that this meager budget of 1,074 billion euros (compared to the 1,100 billion proposed by the Commission), is “a hard pill to swallow”. However, she recalled that adding the billions of Recovery plan, “we have an unprecedented strike force.”
The mechanism remains unclear
The announced mechanism for upholding the rule of law and for how the loan will be repaid has also been criticized. The leader of the Greens group, Philippe Lamberts, lamented that the mechanism adopted on respect for the rule of law by beneficiaries remains unclear. The 27 did not go far enough. “There is no guarantee that it will be effective. The question of their reimbursement, and this is another blind spot of the summit, remains largely unresolved,” he said.
The MEPs do not intend to stop there. They fully intend to weigh in during the next budget negotiations.
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