On Tuesday 20 October, the European Commission distributed to the Member States a sheet setting out the distribution of the financial envelopes for 2021 between Member States within the framework of React-EU.
The distribution key is accordingly calculated on the basis of three main criteria: the change in GDP over the year (annual GDP), the change in GDP over the quarter (quarterly GDP) and the monthly change in unemployment (monthly unemployment).
Of the €37.5 billion (2018 prices), more than 20 billion are destined for Spain (10.2 billion) and Italy (10.6). France is the third largest beneficiary with €2.9 billion, followed by Germany (1.7), Poland (1.55), Portugal (1.5) and Romania (1.2). The remainder, less than 10 billion, is shared among the remaining 20 Member States.
The European Parliament and the EU Council are currently negotiating the provisions of the React-EU Regulation (see EUROPE 12579/20). An agreement should be reached at the next inter-institutional meeting once the European Parliament and the EU Council have reached agreement on the multiannual financial framework and the Recovery Plan (see other news). At the moment, no date is known.
For a breakdown of financial allocations: https://bit.ly/34djnxS (Original version in French by Pascal Hansens)