European Recovery Plan: France presents commitment in Brussels

European Recovery Plan: France presents commitment in Brussels

This is a big day for the executive. To validate, France will present to the European Commission on April 28 the “National Plan for Recovery and Defense”. A presentation nine months after the historic agreement between the heads of state and government on the 750 billion euro European recovery plan. Finance and Finance Minister Bruno Le Meyer and Public Accounts Minister Olivier Dusopte will be heard by both Assemblies on Tuesday evening.

The French share of the European plan is approximately 40 billion euros, and up to 40% of the 100 billion euros of the recovery plan launched nationally by the end of 2020. Distributed 30 million euros. According to Bercy to date.

Send a list of reforms and investments to the European Commission

In order to receive a European check, a certain number of conditions must be met, and various countries are required to specify the reforms and investments they intend to implement to mitigate the effects of the Pandemic-born financial crisis. The framework is accurate. For example, by 2050, 37% of funds will have to be raised to meet European environmental goals such as carbon neutrality. 20% of the funds will be for the digitization of the economy.

But the European project, known as the “Next Generation EU”, is tied to the European budget agreement because 750 billion euros in grants and loans are the subject of a joint loan. Member States must provide “Detailed explanation of how country-specific recommendations are considered in the context of specific activities”. For Bruno Le Meyer, interviewed this Monday In Europe 1, Pension reform is not one of the demands of the European Commission. “It’s not Brussels that needs a pension reform, it’s France that needs a pension reform, so the pension system you go to is economically viable,” he said. France, on the other hand, can implement a reform of unemployment insurance. Postponed due to crisis, a new method of calculating allowances will come into effect from 1stIs July.

In all, a dozen countries plan to submit their plan to Brussels on April 28. The Italian Chamber of Deputies, which expects to receive the largest share of the European plan (191.5 billion euros in loans and grants), approved the plan, presented this Tuesday afternoon by the head of government, Mario Draghi. The European Commission will comment on each project within two months. The council is instructed to award the contract to each.

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Paris is urging the European Commission to take a quick decision

France held a joint press conference with Germany on Tuesday. The mayor of Bruno asked the European Commission to expedite the examination of various files. “We wasted a lot of time. The Chinese achieved growth. The United States is booming. The EU must continue to run, “he said.

It must be said that the expectations of a quick delivery fell quickly. Bruno Le Meyer announced on Monday that France would receive the first tranche of the European project, with an estimated അഞ്ച് 5 billion in “early September” unrest. His promise An arrival “in early summer, early July”. Jean-Fran കാര്യois Rapin (LR), chairman of the optimistic Senate committee, was surprised that the Secretary of State for European Affairs, who inspected the Senate on February 11, had even expected a payment “from May”.

Of the 27 states, 10 states have not yet approved the union’s new resource system

But now the approval process, submitted to forty parliamentary chambers across the continent, is taking longer than expected. To date, 10 out of 27 member states have not ratified the text allowing the European Union to acquire new resources, especially based on the contributions of non-recyclable plastic packaging waste. Without these new guarantees, it would be impossible to borrow the amount needed for the recovery plan in the markets. The French Parliament was fifth To give the green light To this system.

The European Commission calls for speeding up progress. They include Ireland, Romania, Hungary, Estonia, Lithuania and Poland, for example this issue threatens the unity of the ruling coalition. The approval process is still not over in many moderate countries that are extremely cautious about the European recovery plan: the Netherlands, Austria and Finland. Germany, the European Union’s largest economy, does not seem to be signing. The process was halted for about three weeks, just in time for the powerful Constitutional Court in Karlsruhe to hear the appeal against the European recovery plan.

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