In a strong sign of solidarity, the European Parliament, with support from the EPP Group and other mainstream parties, supports a €3 billion plan to help in the fight against the Coronavirus pandemic. It also backs more flexible financing for the recovery, front-loading spending and allowing short-term financing under the €400 billion European Stability Mechanism set up after the 2008 financial crisis. Projects can receive 100% EU funding. And Parliament backs action to speed up the production of medical supplies in Europe. The EPP Group proposes postponing more stringent regulations to allow this.
New EU funds for Corona fight, reconstruction, medical devices
Release Date: 17 Apr 2020