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The laborious implementation of the European recovery plan

2020-10-07T19:20:56.085Z


The 750 billion allocated by Brussels to Member States to deal with the crisis have still not been validated by Parliament, which ticks on respect for the rule of law.


In July, a European revolution was triumphantly celebrated: a “historic” 750 billion euro recovery plan to deal with the Covid crisis, financed by a common debt.

Three months later, the delivery is difficult.

Discussions between carpet dealers dragged on in Brussels between Parliament, the Commission and the German Presidency of the Council.

To the point that, in the capitals, some politicians and economists are starting to get impatient.

Particularly in states where the crisis is most severe, such as Spain, Italy or France.

“Things have to go very quickly, as quickly as possible,”

we urge at Bercy.

Bruno Le Maire pleaded for this with his finance minister counterparts meeting by videoconference on Tuesday.

Paris hopes to receive the first funds in April, 10% of an expected envelope of 37 to 40 billion euros in subsidies.

A windfall that represents no less than 40% of the financing of the government's stimulus plan.

Gold

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Source: lefigaro

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