Ad
Once nicknamed the 'European bazooka', the €672.5bn coronavirus Recovery and Resilience Facility became a powerful sign that solidarity is back at the heart of Europe (Photo: Pictures of Money)

Covid-19 recovery: How to miss the target even with a bazooka

With the Covid-19 pandemic crisis, Europe needed the biggest ever-financial solidarity in Europe.

Once nicknamed the "European bazooka", the €672.5bn of the Recovery and Resilience Facility became a powerful sign that solidarity is back at the heart of Europe.

This money is to help people and enterprises affected by the crisis, to make our Union stronger and more resilient, to reform, to stay competitive, to become more modern, digital, and greener.

It gives the member st...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

José Manuel Fernandes is a Portuguese MEP and European People's Party budgets committee coordinator, and rapporteur for the InvestEU programme.

Once nicknamed the 'European bazooka', the €672.5bn coronavirus Recovery and Resilience Facility became a powerful sign that solidarity is back at the heart of Europe (Photo: Pictures of Money)

Tags

Author Bio

José Manuel Fernandes is a Portuguese MEP and European People's Party budgets committee coordinator, and rapporteur for the InvestEU programme.

Ad

Related articles

Ad
Ad