EU RESPONSE TO COVID-19 / Budget

‘NextGenerationEU’ will inject up to €806 billion into EU economy through spending and lending

Brussels, 14/04/2021 (Agence Europe)

The European Commission adopted on Wednesday 14 April measures to ensure that borrowing under the NextGenerationEU temporary recovery instrument is financed on the most advantageous terms for EU Member States and their citizens.

The Commission will use a “diversified” funding strategy to raise up to €806 billion for the EU economy by 2026, equivalent to 5% of the Union’s GDP.

This approach, which will be in line with best practice for sovereign issuers, will allow the Commission to...