France criticizes the slow European Union approval of the economic recovery fund
The plan aims to address the economic consequences of the "Covid-19" epidemic.
A.F.B.
The French Economy Minister, Bruno Le Maire, condemned the slowdown in some countries, led by Germany, in approving the European Economic Recovery Fund, worth 750 billion euros, which is an essential stage for the release of the sums in the entire European Union.
Le Maire told the "Senuse" television news network that he hoped the European funds would arrive "in an appropriate time", as happened in the United States, where Congress approved a $ 1.9 trillion recovery plan.
Le Maire expressed his "concern", that "the procedure on private resources that allows the disbursement of European funds has not yet been approved by the 27 member states of the European Union."
The French minister condemned "countries such as Germany that caused additional delays, since the matter was submitted to the German Constitutional Court to determine whether it is necessary to disburse these funds or not."
“I promised the French that European money would arrive at the beginning of the summer, at the beginning of July,” Le Maire said.
"I hope that I will be able to fulfill my promise, and I would like Europe to realize that we cannot wait to get this money, and that the procedures must be accelerated."
He continued, "Growth now, recovery now, in 2022 or 2023, it will be too late."
The Chinese and the Americans will have already passed us by. ”
Last Friday, the German Constitutional Court suspended the approval process for the economic recovery fund due to a request to appeal this mechanism, which is based on the common debt.
All procedures have been suspended pending her decision.
The Minister of State for European Affairs, Clement Bonn, had expressed to the European Commission his optimism that the recovery plan would be implemented "from the summer", perhaps as of May.
The plan, which was approved after difficult negotiations last summer, aims to address the economic consequences of the "Covid-19" epidemic. So far, 16 countries have ratified it, including France, Italy and Spain.
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