the recovery fund is not enough

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The Recovery fund is not enough to face the health and economic crisis in Italy due to the coronavirus. This is the response of the poll proposed by Money.it to its readers, with 43.8% of the respondents who said they were not satisfied with the plan proposed by the European Commission to support member countries.

Poll: Recovery fund, do we really have to celebrate?

  • No, that’s not enough – 43.8%
  • Yes, it is a hand held by the EU – 37.1%
  • In part, it is a help but it is not enough – 16.1%
  • I don’t know / Don’t answer – 3.0%

Looking at the survey, which we remember has no scientific value as it is not made as a sample but only highly indicative, you can see how instead for 37.1% of the participants the agreement is favorable for our country, while for 16, 1% the recovery fund alone is not enough to solve every problem.

After a long negotiation, in the end Ursula von der Leyen presented the plan of the European Commission, called NextGenerationEu, to support member countries in this moment of great health and economic crisis.

A “bazooka” from 750 billion overall, which will be collected largely thanks to the issue of European bonds, of which 500 billion are allocated as grants and the remaining 250 billion as long-term loans.

In detail for theItaly, which will be the recipient country of the largest slice of the rich pie, are coming from the recovery fund altogether 172.7 billion: 81.807 billion in the form of grants and 90.938 billion in loans.

The recovery fund survey

Giuseppe Conte since the beginning of this crisis due to the coronavirus it has always repeated it: rather than the ESM deemed insufficient, Italy must aim to have adequate financial aid from the Recovery fund.

In Brussels, a tight arm wrestling has been going on for weeks. On the one hand Italy, France and Spain who aimed to have this money like subsidieson the other hand, the rigid Holland, Austria and Denmark who instead spoke of a loan.

At the end Ursula von der Leyen, who played the role of referee together with Germany, managed to find one mediation within the European Commission: 750 billion in total, 500 non-refundable and 250 as a loan.

L’Italy will be the country that will receive the most substantial financing, 172.7 billion in total of which 81.807 in grants and 90.938 as loan, followed by Spain (140.446 billion) e Poland (63.839 billion).

Established the figures, but now the complex begins negotiation between all the leaders of the 27 EU countries, to arrive at a white smoke also with regard to the details of the concession of this river of money.

The decisive event, in which Holland and Austria have already announced battle, will be the one of June 18 when the European Council. If an agreement does not come, everything will be postponed to July 3 when there may be a second summit before the summer break.

The part of the money that will come in the form of a loan must be returned by various governments starting in 2028, with the debt which must then be paid at low cost by 2058.

However, these funds will be available to the various countries not before 2021, when the European Union starts raking in money from the market, with a small part that will hopefully arrive as early as September.

If the premier Giuseppe Conte expressed great satisfaction with the announcement of Ursula von der Leyen at the same time Matteo Salvini is Giorgia Meloni they said they were skeptical about the timing of the disbursement and what will be the outcome of the European Council.

In this scenario, looking at the results of poll proposed by Money.it, it emerges that the decision taken by the European Council would not seem to be as exciting as instead painted by the government.



Source link
https://www.money.it/Risultati-sondaggio-Recovery-fund-non-sufficiente

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