European Council- Charles Michel on the recovery fund: “Our citizens and businesses have been heavily impacted by the pandemic. They need targeted relief without delay”

27 May 2020 |

On 23 April 2020 the European Council decided to work towards establishing a recovery fund to respond to the socio-economic consequences of the COVID-19 crisis. It tasked the Commission to analyse the exact needs and to urgently come up with a proposal that is commensurate with the challenge we are facing.

Today 27 May 2020, the European Commission issued its proposal on a Recovery Fund and the Multiannual Financial Framework.

President Charles Michel: "This is an important step in the decision making process. It will help target support towards the sectors and regions most affected by the COVID19 pandemic."

Read more at the link below.