This afternoon [27 May 2020], European Commission President Ursula von der Leyen presented the European Commission’s proposals for the EU recovery, relying on the Next Generation EU instrument, a proposal for an updated Multiannual Financial Framework 2021-2027 and an adapted Commission Work Programme for 2020.

Following the presentation of those long-awaited proposals, CEEP General Secretary Valeria Ronzitti said:

“CEEP welcomes the intent of the European Commission to put forward a proposal for an EU recovery aimed at balancing burden-sharing, solidarity, and sovereignty across the EU. The EU institutions must now agree on a recovery strategy fixing the damages caused by the COVID-19 outbreak while preparing for the future.”

“With our members, we will now proceed to a careful analysis of the proposals for the Next Generation EU instrument. We must now find the right balance between grants and loans, short and long-term perspectives, and, first and foremost, address the most urgent priorities.”

Read the full statement here.