After four days of high-stakes negotiations in Brussels, the European economic recovery plan was accepted this Tuesday. Despite some concessions that had to be made, Renaud Muselier sees this as a success that should improve the future of the European Union.
“A new page in the history of Europe was written today in Brussels”. The President of the Provence-Alpes-Côte d’Azur Region, of the Regions of France, and former Member of the European Parliament does not hide his enthusiasm about this agreement. This Tuesday, the 27 member countries of the European Union accepted the plan proposed by France and Germany to boost the economy of the old continent, which was heavily impacted after the lockdown. A fund of 750 billion euros will be borrowed by the European Commission from the markets and must be repaid by 2058 at the latest.
“In our continent severely hit by the Covid-19 pandemic, this agreement was essential to tackle the consequences of the crisis”, specifies Renaud Muselier. The European budget will therefore be doubled for the next three years, with an unprecedented investment capacity. The former Member of the European Parliament emphasizes the importance of national coherence in successfully implementing this economic recovery plan. The Regions of France, with their experience as managing authorities of all European credits, are “ready to commit with all their strength to this plan”.
