Why the European recovery plan funds have not yet been released
(2021) The Conversation France — Vol. No, n° No, p. No (2021)
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- Abstract
- The economic and social consequences of the Covid-19 pandemic are fuelling legitimate impatience with the European recovery plan, the funds of which have not yet been released, almost a year after the European Commission’s proposal. This plan, which is unprecedented in its volume (750 billion euros) and in its philosophy (allowing the Commission to borrow on the markets to make budget transfers and loans to member states), is based on a complex institutional architecture. The ratification of the Council Decision on the system of own resources by all Member States and the adoption of their national recovery and resilience plans are prerequisites for the implementation of the European recovery plan.
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Citations
Saurel, S. (2021). Why the European recovery plan funds have not yet been released. The Conversation France, No(No), No. https://hdl.handle.net/2078.5/166334 (Original work published 2021)