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The Next Generation EU (NGEU) – €360 billion in loans and €390 billion in grants – is a break from the austerity policy adopted after the financial crisis of 2007–2008 as the EU's main response to economic crises. [25]
The European Parliament has an equal role to the Council of the EU in the ordinary legislative procedure, which is usually used in decision-making process at the EU level. [ 33 ] Each committee elects its chair and vice chairs to lead the work of the committee.
On 27 May, the EU Commission proposed a recovery fund dubbed Next Generation EU, with grants and loans for every EU member state accounting for €500 billion and €250 billion respectively. This followed after extensive negotiations in which the so-called " Frugal Four ", comprising Austria, the Netherlands, Denmark and Sweden, had rejected ...
During the COVID-19 pandemic, they were among the main proponents of Next Generation EU. [304] In November 2020, commenting on the relation with his Spanish counterpart, Conte stated: "With my friend Sánchez, we have reaffirmed the alliance between our countries, as well as a common view on the main European and international issues.
The EU budget for the 2021–2027 period has expenditures of €1,074.3 billion. [3] It goes together with the Next Generation EU recovery package of €750 billion in grants and loans over the period 2021–2024 to meet the unparalleled economic challenge of the COVID-19 pandemic. [22]
The ancient Roman Agora in Athens illuminated with a Next Generation EU sign. Next Generation EU (NGEU) is a European Commission economic recovery package to support the EU member states to recover from the COVID-19 pandemic, in particular those that have been particularly hard hit. It is sometimes styled NextGenerationEU and Next Gen EU, and ...
FT: Italy 31-29 Scotland. 16:08, Harry Latham-Coyle. Remarkable. Scotland were flying into this week off the back of another Calcutta Cup success, and after that fast first quarter, looked to be ...
The MRS also contains two specialist services for monitoring delivery of EU climate action goals and the Next Generation EU recovery fund. Its policy analysts and information specialists aim to support Members in their work on all policy issues dealt with by the Parliament or the EU institutions as a whole.