It was July 21. After five difficult days of negotiations, and at the cost of many concessions, the Heads of State and Government of the Twenty-Seven announced a historic agreement for the creation of a recovery fund of 750 billion euros. Proof of solidarity with the countries most affected by the pandemic, this fund will be financed by common debt. A month later, however, the negotiations are not completely finalized. France and Germany therefore intend to join their efforts to ensure the sustainability of the project.
Read also: European recovery plan: how will countries be able to access funds?
The political agreement of the Twenty-Seven must be translated into legal text, or rather into texts, since no less than five documents form the basis. If the broad lines are established, minor changes can still be introduced, especially in the European budget for the period 2021-2027, central element of the package. Of the 750 billion euros of the European recovery plan, 360 will be loaned to the Twenty-Seven, and each will have to repay
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