Here is the ‘Next Generation Eu’ and the planned measures – Europe

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Among the proposals presented by the European Commission and the measures already operational, the firepower of the anti-crisis strategy put in place by the EU exceeds 3,000 billion euros. A figure that includes the 1,100 billion foreseen for the next 2021-2027 multiannual budget, the so-called MFF. But also the amounts related to the health credit line of the Mes (240 billion), the loans for the SMEs of the EIB (200 billion), the support instrument for the IGC (100 billion) and the ECB Pepp program (750 billion) , all measures already operational.

But now the Commission has formalized its proposal also for the Recovery Fund, renamed ‘Next Generation Euis equipped with 750 billion divided between loans (250) and grants (500).

Here are the different measures provided by the new instrument.

* Recovery and Resilience Facility (RRF): 560 billion which will be divided between grants and loans and linked to the implementation of reforms;

* React-Eu: 55 billion lire conveyed through cohesion policy towards the territories most affected by the crisis;

* A 40 billion fund to support the territories most in difficulty in facing the ecological transition;

* Agricultural Fund for Rural Development: additional allocation of 15 billion for actions in line with the Green deal;

* Solvency Support Instrument: 31 billion that could mobilize over 300 billion to support healthy companies before the crisis starting from this year;

* InvestEU (ex Juncker Plan): additional allocation of 15.3 billion so that, together with the Strategic Investment Facility, it can mobilize 150 billion of investments;

* Eu4healt: new European health program with 9.4 billion;

* RescuEu: strengthening of European civil protection;

* Horizon Europe: 11 billion additional funding to support research in Europe;

* External action: additional allocation of 16.5 billion for interventions in neighboring countries, especially in the Balkans.





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https://www.ansa.it/europa/notizie/rubriche/altrenews/2020/05/27/ecco-il-next-generation-eu-e-le-misure-previste_df135069-024b-401b-ae31-f4d337e89879.html

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