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  • EU, Recovery fund: extraordinary European summit on 17-18 July in Brussels
  • EU Summit on the Recovery Fund: divided by numbers, conditionalities and discounts. Count: close by July


June 29, 2020

"It will not fail because of us. And there is no new proposal." Angela Merkel said this about the talks on the Recovery Fund to the European council, referring to the position of Berlin and Paris. The chancellor also stressed that "there is no need for a new proposal".

Merkel, linking the use of anti-crisis funds to internal reforms is also an excellent proposal
The German Chancellor considers that linking the use of European resources (non-repayable loans and grants) to the European 'semester' of economic and budgetary policy surveillance is 'extremely useful for all'. In the press conference with French President Macron he cited the case of Italy: 'Premier Conte made proposals' for the revitalization of the Italian economy and we in Germany too' can invest more 'and we will do it'. Merkel added that the idea of ​​linking the anti-crisis action to the reform agenda is also an excellent proposal that will allow us to have many catwalks and reconcile many interests. The European semester is the period of supervision of economic and budgetary policies on the basis of EU recommendations to improve economic conditions. 

Macron defends Commission proposal
French President Macron has fully defended the Commission's proposal on anti-crisis financial instruments: 'In agreement with Merkel, the recovery fund must be effective so' it must have a budgetary component (i.e. subsidies - ed. ) then the loan mechanisms with the Sure program (integration funds), the intervention of Bei and Mes'. The 'heart' of the operation must be grants, he reiterated, indicating that the proposed 500 billion to those dedicated should not be subject to cutouts. "500 billion for budget resources (ie subsidies) and 250 billion for loans is a good balance, we can discuss conditions, methods and this will have to be defined in the coming days".