Recovery plan: the Twenty-Seven rise in the ring, the frugals are resisting

In Brussels

It will not be a marathon but a warm-up lap for a real match in Brussels, probably before mid-July. This Friday, the Twenty-Seven will debate for the first time by videoconference the recovery plan presented at the end of May by the Commission. On the table, the 750 billion euros that the institution would like to borrow on the markets and redistribute to the Member States in the form of loans (250 billion) and budgetary subsidies (500 billion including 310 billion injected in installments in the countries) to revive the economies of the Union. Also on the table is the European budget project 2021-2027 (1100 billion) on which the recovery plan is backed and which has been revisited to take account of the coronavirus crisis.

Of course, as was underlined at the Elysée Palace, none of the Member States questioned the need for a recovery plan or, above all, the principle of using a joint loan to finance it. Not even the frugal ones (Netherlands,

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