" In the EU there are still countries perched on their twigs, but they must understand that Europe cannot do without Italy . Because if the trunk of a tree is broken, the branches also fall. And nobody is saved. The our only interest is to defend the Italian people. In this negotiation we must get as much money as possible to help businesses, families and workers. United to get more resources. Italy will be respected, "said Foreign Minister Luigi Di Maio at the the day after the Merkel-Macron proposal.
The Franco-German proposal on the Recovery Fund is "commensurate with the challenge", and will "feed" what the EU Commission will reveal next week. Brussels will also present "an instrument for recovery and resilience that focuses on investment and structural reforms", given that "we do not only need additional money, but also reforms to create a more favorable environment for businesses, to strengthen capacity administrative so that the extra funds have maximum effect. " This was stated by EU Commission vice-president Valdis Dombrovskis, at the end of Ecofin.Dombrovskis explained that "most of the funding will be available in 2021", but "we are studying the possibility of advancing some funds in 2020, technically it is still not solved but we are looking at what to do". In any case, in order to hurry, first of all "a rapid agreement on the Recovery fund" by the EU summit is needed.
"The European Commission is working on the #Recovery plan and fund. An unprecedented crisis requires unprecedented responses. From France and Germany an important contribution in this direction ". This is the tweet posted by the EU Commissioner for Economy Paolo Gentiloni .
The European Commission is working on the #Recovery plan and fund. An unprecedented crisis requires unprecedented responses. From France and Germany an important contribution in this direction
- Paolo Gentiloni (@PaoloGentiloni) May 19, 2020"Yesterday Merkel and Macron reached an agreement on the recovery fund. This is a historic result both for France and Germany but also for the whole EU." Thus the French economy minister Bruno Le Maire before Ecofin. "It is the first time that France and Germany have agreed to finance the EU's common debt and budgetary expenses," added the minister. "For the first time we can support the economic recovery in the countries most affected by the coronavirus crisis, and avoid the economic and growth divergences between the EU member states and the euro area - he underlined -. The second motivation is political, Germany and France they strongly affirm the will of solidarity within the EU ". According to Le Maire, "France and Germany are determined to work together in the service of the common good and European construction".
The Franco-German proposal for a 500 billion European Recovery Fund "is a great step forward and excellent news not only in terms of economy and employment, but also for the future of the European Union", said the Minister of Finance German, Olaf Scholz , before Ecofin. After the lockdown "further progress is needed to ensure a recovery of the economy" and "it is good" that "Germany and France will jointly present a proposal" with "these new 500 billion" to "allow Europe to get out of the crisis together" and make it "stronger", he added.
Tourism is the sector hit hardest by the crisis. For this reason, after the first 4 billion interventions in the #decretorilancio, support for tourism businesses and operators in the sector will be the priority in the use of resources for Italy for the #RecoveryFund ", wrote the Minister of Goods in a tweet of Cultural Activities and Tourism Dario Franceschini.
