Next GenerationEU: Green, Digital and Resilient Union
- June 13, 2020
- Posted by: admin
- Category: Blog
“Today, we have presented our proposal for a major recovery plan. To ensure the recovery is sustainable, even, inclusive and fair for all Member States, we propose to create a new recovery instrument, called #NextGenerationEU, which is embedded within a powerful, modern and revamped long-term EU budget.
Generations before us have built a Union of peace and prosperity, without peer or precedent anywhere in the world. And today we face our own defining moment. With #NextGenerationEU we can build a green, digital and resilient future for our Union.”she said.
European Commission President Ursula von der Leyen says that a new generation of Europeans will benefit from a €1.85 trillion stimulus package announced Wednesday and designed to drag the 27-member bloc out of the financial crisis caused by the coronavirus pandemic.
Speaking to Euronews soon after announcing a €750 billion recovery fund, Von Der Leyen said that the crisis caused by the COVID-19 pandemic “affects all member states.”
“All of them see the economic damage in the single market, but also in the national economies, therefore this is Europe’s moment,” she said.