Brussels will present in mid-May an "ambitious" plan against the crisis

The European Commission (EC) will present in the middle of the month a "very ambitious proposal" for economic reconstruction after the crisis caused by the coronavirus pandemic, as announced this Saturday by the European Commissioner for Budgets, the Austrian Johannes Hahn.

The aim is to provide "an answer to the question of how Europe can emerge from the crisis," Hahn said during a telematic debate at the Austrian People's Party Political Academy (ÖVP), the Austrian agency APA reported.

The commissioner expressed confidence that the European Union (EU) will succeed in managing the economic recovery well, "provided there is no second wave" of the pandemic.

He advanced that the proposal will be presented "in mid-May", with the expectation that it will be accepted in June by the Member States of the European Union (EU) so that the necessary negotiations with the European Parliament can begin quickly.

In this sense, he appealed to the partners to come with flexibility and availability to compromise.

"Everyone must move away from their maximum demands."

Furthermore, he considered the need for "bridge financing" likely, given that the next EU financial framework would probably not be in force before mid-2021.

Hahn was in favor of granting aid to all countries in crisis, but as long as they are subject to compliance with the EC's financial and economic policy recommendations within the framework of the so-called "European Semester".

As an example, he referred to Croatia, where community aid should be linked to greater diversification of the national economy to reduce its high dependence on tourism, a sector hit hard by the pandemic.

Later, before the end of this year, Brussels intends to create its own instrument to help companies with capital problems, in close cooperation with the European Investment Bank (EIB) and other development banks, said the Christian Democrat. .

On the other hand, it advanced that the EC will pronounce already next Wednesday on the controls of the internal borders of the EU that the member countries have imposed to avoid the importation of cases of coronavirus.


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