• EU, Lagarde: quickly approve Budget and Recovery Fund
  • Recovery Fund: Von der Leyen announces the 750 billion 'Next Generation Eu', 172 to Italy

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June 09, 2020 "Italy supports an ambitious and forward-looking recovery plan. The Commission proposal is a balanced compromise and must not be scaled back". Economy Minister Roberto Gualtieri wrote on Twitter on the sidelines of the Ecofin meeting. "Now at work on investment and reforms," ​​stresses the minister.

Italy supports an ambitious and future-oriented recovery plan. The Commission proposal is a balanced compromise and should not be downsized. Now working on investments and reforms. #ECOFIN pic.twitter.com/F355gbpbB5

- Roberto Gualtieri (@gualtierieurope) June 9, 2020
Austria: unacceptable volume and contents of the Recovery Fund
But there is a clash between European financial ministers on the Recovery Fund proposed by the EU Commission to face the economic crisis caused by the Covid pandemic. "The overall package is not acceptable to us in terms of volume, but also in terms of content": so the Austrian Finance Minister, Gernot Blümel, on the sidelines of Ecofin. "Today we have to know how and by whom the debt" foreseen with "grants" will be repaid, "said Blümel, who believes the choice to grant mainly aid" a definitely wrong assessment "by Brussels.

Hungary: Unjust Recovery Fund, made for South Countries
"In its current form, the Recovery Fund is unfair to Hungary because it was basically tailored to help the southern Member States": so the Minister of Finance of the Hungary, Mihaly Varga, in a video posted on her Facebook page. "The EU must act fairly and proportionately to mitigate the" economic "damage caused by the pandemic," he stressed, arguing that the EU plan "could pose an additional burden for smaller and less developed economies."