The European Parliament must have a role in designing the EU’s Coronavirus Recovery Fund or the EPP Group will veto the EU’s long-term budget plan. The Group says funding for the Recovery Fund must be new, raised by a combination of grants and loans guaranteed by the long-term budget plan. We must avoid another lost generation of youth, as was the scenario following the 2008 financial crisis. The Recovery Package, including private investment, should top 2 trillion Euros.
- IMF News - New B-roll from Spring Meetings week in Washington, D.C.
- IMF News - "The world economy is facing a new and major test" - MD Presser
- IMF News - Spring Fiscal Monitor reports that global public debt is high and rising
- IMF News - Projections for global growth lowered to 2.8% this year - WEO
- IMF News - “It is crucial that we prepare for potential challenges ahead" - IMF Report
Corona Recovery Fund must be about people, solidarity and the future
Release Date: 14 May 2020