On Thursday 28 May, the European Commission detailed the REACT-EU Regulation, Act III of its measures to respond to the Covid-19 crisis under the cohesion policy, providing 55 billion euros in 2018 prices (58.27 billion euros in current prices).
The proposal “is based on cohesion policy and it bridges the moment from what we have done in the present multiannual financial framework moving into the next generation”, said Cohesion Policy Commissioner Elisa Ferreira. Presenting the proposal...