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Europe Daily Bulletin No. 12525

11 July 2020
EU RESPONSE TO COVID-19 / Budget/economy
Charles Michel proposes a €750 billion recovery plan and a €20 billion cut in 2021-2027 MFF
Brussels, 10/07/2020 (Agence Europe)

On Friday 10 July, the President of the European Council, Charles Michel, proposed a post-Covid-19 EU Economic Recovery Plan amounting to €750 billion, that preserves the balance proposed by the European Commission between grants (€310 billion) and loans (€250 billion) to Member states under the Recovery and Resilience Facility (see EUROPE B12519A1).

In exchange, Mr Michel’s ‘Negotiating Box’ reduces the EU’s multiannual financial framework (MFF) for 2021-2027 by 20 billion...

Contents

EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION
SECURITY - DEFENCE
COUNCIL OF EUROPE
NEWS BRIEFS
CALENDAR
CALENDAR EXTRA