FEPA Welcomes EU Recovery Plan and its Tool, Next Generation EU

FEPA gives a nod of appreciation to the three pillars of the Next Generation EU

The recovery plan of €750 billion will be deployed by the instrument Next Generation EU, which relies on three pillars:

1. Present: addressing the immediate crisis by providing tools to support Member State efforts to recover
2. Future: innovating by boosting private investments and supporting ailing companies
3. Past: Learning lessons from the health crisis by reinforcing key and relevant EU programs

The next step in the recovery will be to have the twenty-seven (27) Member States agree on the budget.

Useful Links  

• EU Press Release
• EU budget
• The pillars of Next Generation EU: How is the funding divided?