Green light for the Corona development plan – economy

EU finance ministers have adopted the first twelve EU development plans to deal with the coronavirus pandemic, including that of Germany. The first funds from the European Development and Resilience Facility (RFF) can now be disbursed to States. This was announced Tuesday by the representation of the Member States.

A year ago, the heads of state and government agreed on a 750 billion euro program for economic recovery after the pandemic. The RFF take the lion’s share. Member States must submit detailed requests for their share of the aid, which are reviewed by the European Commission and approved by the Council of EU States. Germany can expect around 25.6 billion euros in subsidies from RFF.

The program is financed by common debts. Corona aid has already poured in from Brussels. However, these were part of a different, much smaller program overall. By the end of July, a total of 800 million euros in corona aid had been transferred to Germany and 15 other countries. The money will also be used to create “a greener, more digital, more innovative and more competitive Europe for the next generations in the EU”, said Slovenian Finance Minister Andrej ┼áircelj. Slovenia currently holds the rotating presidency among EU countries.

All states were required to submit detailed construction plans to the European Commission. The federal cabinet approved this plan at the end of April. In Germany, the Federal Constitutional Court stopped ratifying the legal basis for the loan because critics ruled that the common debt was ineligible and filed a complaint. The Federal Constitutional Court rejected in April the corresponding urgent request of the alliance of the plaintiffs around the former president of the AfD Bernd Lucke.

Related Articles

Back to top button