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

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

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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.

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