The European Union: 27 countries together discuss financing a recovery

Nowhere else in the world could 27 different countries discuss their recovery and future together.

The recent decisions taken by the leaders of the 27 European Union Member States to endorse the European Commission’s recovery plan is to be considered as historic.

Europe will now have at its disposal a recovery tool worth €750 billion to support those hit hardest by the crisis. The investments facilitated through this instrument will facilitate a recovery that builds a greener, more digital and more resilient European Union for the future generations.

This will be topped up by the Multi-Annual Financial Framework for the next seven years, bringing the overall financial package to €1.8 trillion.

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