The Lisbon council

On the eve of the first “in-person” European Council since the outbreak of the Covid-19 pandemic, there remain continued divisions on the key issues concerning the main item on the leaders’ agenda: the launch of a pandemic recovery fund known more formally as the Next Generation European Union Plan.

1 Agreement does not appear beyond reach on its size (around €750 billion); the related envelope of the multiannual financial framework (reduced to €1.07 trillion); the breakdown between grants and loans (respectively, €500 billion and €250 billion); and lump-sum rebates for some countries.

2 Deep divisions persist however on the degree of any conditionality and, most acutely and importantly, on the recovery fund’s governance arrangements.

Laisser un commentaire

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

You May Also Like