Paris and Berlin call on Brussels to quickly adopt recovery plans
French Economy Minister Bruno Le Maire and German Finance Minister Olaf Scholz, here in Brussels, Belgium, November 19, 2018. REUTERS - ERIC VIDAL
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A joint press conference of French and German ministers took place on Tuesday in Bercy.
The French Minister of the Economy Bruno Le Maire and his German counterpart Olaf Scholz presented their national recovery plans in order to restore their respective economies devastated by the coronavirus pandemic.
The French minister called on the European Commission to examine the recovery plans of the member countries as soon as possible.
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A dozen member countries of the European Union including France and Germany will present their recovery plans in Brussels this week.
The Minister of the Economy Bruno Le Maire calls on the European Commission to adopt them quickly so that the money is paid before the end of the summer: “
We were very effective last year in adopting the principle of a plan. European stimulus of 750 billion euros spurred on by France and Germany.
Since then, we have lost a lot of time.
Chinese growth has picked up.
The United States is booming.
The European Union must stay in the race.
"
► See also:
EU: national recovery plans presented to the European Commission
German Economy Minister Olaf Scholz underlines the importance of the European recovery plan, and sees it as a new start for ES 27. “
We are making sure that Europe emerges from this crisis stronger than it is. was not before, he says.
And we are launching a powerful stimulus that will lead it towards a future that will be good for the climate and which will be more digital.
Today, Europe is opening a new chapter.
Focused on the future, towards digital technology and carbon neutrality.
"
The rating agency Standard and Poor's, estimates that the European recovery plan could bring 4.1 points of additional growth to the European Union, if the funds are paid as early as this summer.
► To read also:
Italian recovery plan: for Mario Draghi, "Italy is playing its destiny"
We want to build a greener Europe, which protects the climate and the environment, while creating the jobs of the future.
We want to invest in a digital Europe that is competitive on the global market and shows the way in terms of innovation.
And we want a Europe that is more robust and better equipped to deal with future crises.
We have 750 billion euros to build our future union.
This represents the opportunity of the century for Europe.
A true historic moment.
The Commission, which will examine the national recovery plans defined by the member countries, will ensure that they are sufficiently ambitious.
We owe it to our citizens and especially to our young generation.
Ursula von der Leyen, President of the European Commission
Agnieszka Kumor
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