European Parliament - MEPs clear another hurdle for the COVID-19 recovery plan

25 March 2021 |
  • Parliament speeds up the reform of the EU’s revenue, allowing the “Next Generation EU” recovery fund, worth €750 billion, to be used
  • New sources of revenue will provide new financing for the EU budget, such as a levy on plastic, and help repay the debt created by the recovery fund
  • EU countries must ratify the key “Own Resources Decision” as soon as possible

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