The agreement reached on 10 December by the European Council and all EU Member States on the long-term EU budget (MFF 2021-2027) and the Next Generation EU recovery fund is a major step forward to support our economy during an unprecedented crisis and to avoid further delays when implementing the EU recovery plan across the EU as a whole. BusinessEurope President Pierre Gattaz said: "The EU leaders agreement is oxygen for Europe’s economic recovery. The endorsement by the European Council of the solution proposed on the Next Generation EU recovery fund as well as the long-term EU budget is a big relief. We urge the European Parliament now to back this deal to ensure that the recovery package can be swiftly implemented across the European Union as a whole and that focus can now shift to making sure that recovery plans are well designed, and money is well spent."
Photo copyright: European Union, 2020
BusinessEurope on 30 April proposed urgent actions to kick-start Europe’s weakened economy. The proposals for a European economic recovery plan include:
- an ambitious and coordinated fiscal stimulus to support demand and a rapid deployment of EU investment funds;
- a revitalised and open single market and a strengthened single currency;
- fair and free trade and investment, and support for multilateral solutions;
- strengthened EU governance to ensure EU financial support increases implementation by member states of growth and employment-enhancing structural reforms and upward convergence.
Read the full document - #UnitedAgainstCoronavirus #WhateverItTakes
The European society is facing an extraordinary challenge from the outbreak of COVID-19. Our sympathies are with the families of those who have already lost loved ones, and our gratitude is to the workers and businesses who are already showing exceptional courage and resilience, both to treat the sick and to maintain the vital goods and services upon which we all depend.
It is clear that we are only at the beginning of this challenge. Protecting our society will require extraordinary responsibility, action and solidarity from all parties:
- Responsibility as businesses, workers and citizens, to ensure everything we do helps address this crisis.
- Action both to maintain the essential functioning of our economy in the immediate future and to ensure that once the spread of the virus is addressed, we have maintained the business eco-system vital to fully restoring our treasured European way of life.
- Solidarity between businesses of all sizes, between businesses and governments and between all EU member states.
Read our full statement (16 March 2020) #UnitedAgainstCoronavirus #WhateverItTakes