• Industrialists Italy, Germany and France: governments and the EU are committed to recovery
  • Mattarella: now more than ever an inescapable EU solidarity, building a common destiny is now a duty
  • EU, von der Leyen: "Coronavirus demonstrates the failure of nationalists"
  • Conte: "The EU prevails if it is united, achieving solidarity response"
  • Gentiloni: "By the summer the via recovery fund". "Now common EU policy"

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13 May 2020A "at least one trillion" Recovery Fund, with funds already in the "next few months". This was stated by EU Commissioner for Economic Affairs Paolo Gentiloni in an interview with La Stampa , which then urges a new tool to allow, through the use of EU funds, private investments to support companies in difficulty.

"Certainly some of this funding will have to be through subsidies. Tourism and other specific sectors, as well as some geographic areas, need support according to the principle of solidarity. Furthermore there is also a macro-economic reason: we must avoid feed a spiral that will increase the debt of those already heavily indebted countries which are also the most affected by the pandemic ", says Gentiloni, according to which the funds should be available already this year:" We will have to advance some sums in the coming months. If if we had to let this disparity situation run for a year, it would be more expensive to intervene to mitigate its impact ".

Gentiloni underlines: "The extent of this recession is clear, but its uneven nature and above all that of the recovery that will come is equally clear. This disparity is an existential threat to the foundations of the Union because it jeopardizes the single market and convergence Eurozone ". The Commissioner acknowledges that "to run for cover, the Eurogroup has taken a first step with the Mes for health, Sure for workers and the Bei fund for businesses. An important step, but - affirms Gentiloni - insufficient without a plan for the recovery with strong funding ". Sul Mes Gentiloni admits that a group request could be a good sign.