The European Commission President urged leaders to endorse the bloc’s plan to aid the economy after coronavirus without delay. The EU27 have been discussing the future long-term budget and a multi-billion-euro post-coronavirus recovery plan during summits. Today’s meeting is just the first in intense discussions that could culminate with a deal in July if member states can overcome their differences.
Ms von der Leyen said in the video posted on her Twitter: “Today we take a crucial step on the road out of the crisis.
“I’m happy to present to European leaders our recovery package called Next Generation EU.
“This proposal is ambitious and it is balanced.
“Together with the new MFF this is a huge stimulus of 1,850 billion euros.
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“It does not only help the economies of the countries who were hit hardest by the virus, it also helps the countries whose economies have been hit hard indirectly because of the lockdowns.
“Europe must now invest and reform to get out of the crisis.
“Next Generation EU is designed to help Europe’s recovery be resilient, sustainable and digital. In other words, it will help Europe to modernise.
“This is a chance that Europe cannot afford to miss.
“I want a Europe which is better abled to weather global storms and provide a safe home for future generations.
“I’m convinced that for common success we must stay focused on the big picture.
“We must all pull together, we cannot afford any delay.”
More to follow…