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EU Court of Auditors: hard to say whether Recovery Fund targets are really met
This is what the European Court of Auditors' new report says on the Recovery and Resilience Facility (RRF), which funds individual member states' NRPs.
MFF and Recovery Fund: Brussels should be ambitious
The European Union recently celebrated the 70th anniversary of the Schuman Declaration and is now facing the challenge of transforming the COVID-19 crisis into an opportunity to relaunch the integration process. At the heart of the round table "EU vs COVID-19 From crisis to opportunity to strengthen the European organization?" promoted by the European Parliament Office in Italy and by the Representation in Italy of the Konrad-Adenauer-Stiftung, the discussion focused on the need for the European Commission to make an ambitious proposal for the Recovery Fund, which should be funded through a larger headroom and should combine two sources of financing: bonds issued by the Commission and the contribution from the Multiannual Financial Framework. The Recovery Fund should be at least equal to the ECB’s monetary ‘bazooka’ and should include a grant component. The European Union must also draw up a European budget that takes into account the COVID-19 crisis and must become independent of the Chinese market. To do this, it needs to strengthen the transatlantic alliance with the United States and to speed up the administrative process for accessing Recovery Fund’s resources. The European Union must also address concrete issues such as finding financing solutions for the economy and the health system, and must mobilize to support industry and the real economy. To overcome the short circuit on the perception of Europe, it is important to provide accurate information and to prevent political debates from preventing the clearer sound of the European intervention.
The increasingly asymmetrical crisis compels Brussels to safeguard the single market, thus avoiding losing businesses and jobs. The Commission is called to present the most ambitious proposal, avoiding mediations.
> Saving the economy and human lives will never be priced
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EU Court of Auditors: hard to say whether Recovery Fund targets are really met
This is what the European Court of Auditors' new report says on the Recovery and Resilience Facility (RRF), which funds individual member states' NRPs.
MFF and Recovery Fund: Brussels should be ambitious
The European Union recently celebrated the 70th anniversary of the Schuman Declaration and is now facing the challenge of transforming the COVID-19 crisis into an opportunity to relaunch the integration process. At the heart of the round table "EU vs COVID-19 From crisis to opportunity to strengthen the European organization?" promoted by the European Parliament Office in Italy and by the Representation in Italy of the Konrad-Adenauer-Stiftung, the discussion focused on the need for the European Commission to make an ambitious proposal for the Recovery Fund, which should be funded through a larger headroom and should combine two sources of financing: bonds issued by the Commission and the contribution from the Multiannual Financial Framework. The Recovery Fund should be at least equal to the ECB’s monetary ‘bazooka’ and should include a grant component. The European Union must also draw up a European budget that takes into account the COVID-19 crisis and must become independent of the Chinese market. To do this, it needs to strengthen the transatlantic alliance with the United States and to speed up the administrative process for accessing Recovery Fund’s resources. The European Union must also address concrete issues such as finding financing solutions for the economy and the health system, and must mobilize to support industry and the real economy. To overcome the short circuit on the perception of Europe, it is important to provide accurate information and to prevent political debates from preventing the clearer sound of the European intervention.
The increasingly asymmetrical crisis compels Brussels to safeguard the single market, thus avoiding losing businesses and jobs. The Commission is called to present the most ambitious proposal, avoiding mediations.
> Saving the economy and human lives will never be priced