Shaking hands in front of European flag
22 July 2020

Adoption of the Recovery Plan for Europe: a major step for the European Union

For the first time, a €750-billion plan based on solidarity is set to meet the European Union's social, economic and ecological needs.
 
The recovery plan is designed to speed up the transformation of European societies by investing in green transition, youth, modernisation of the healthcare system and protection of jobs.

 
Portrait of French Prime Minister, Jean Castex
"Europe is strong when it is united!
Initiated by France and Germany, the historic recovery plan adopted in Brussels is a powerful, sustainable response to the crisis.
It also lays the foundations for a more united, ambitious and integrated Europe."
Jean Castex, Prime Minister

With 750 billion euros in the kitty, the plan includes 390 billion in subsidies, intended for regions and sectors most impacted by the crisis.

other plan's key components

Governance

No vetoes are allowed; a Member State can refer to the European Council in the event of difficulties, without blocking the plan's implementation.
 

Climate conditionality

A target of 30% of climate expenditures in the European budget and the recovery plan has been incorporated so that all Member States' recovery plans include measures compatible with the ecological transition's goals and undertake not to finance expenditures having a negative impact on the climate (the “Do Not Harm” principle).
 

European budget

There have been no reductions as regards the current multiannual framework. The full amount allocated to the Common Agricultural Policy, a priority policy for food and climate independence, has been safeguarded.


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