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:
- Present: addressing the immediate crisis by providing tools to support Member State efforts to recover
- Future: innovating by boosting private investments and supporting ailing companies
- 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.