At the last European Council, the Twenty-Seven had asked that the plan to support the bloc's savings, amounting to 540 billion euros, be operational from 1 June. This will not be the case. The Sure program (100 billion euros), proposed by the Commission to help countries finance partial unemployment measures, or the investment plan of the European Investment Bank (200 billion euros), intended to support businesses on the continent, may not be launched before " during June or late June " according to Bercy. Both rely on the guarantees of the Member States. And who says guarantee, says green light before national parliaments.
Read also: Why the Central European countries have resisted Covid-19 better
What about the third pillar, namely the use of the European Stability Mechanism (ESM) or rescue plan for the euro zone, which would allow Member States to take out loans of up to 2% of their GDP to finance their health expenses? He was the subject
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