Ursula von der Leyen continues her EU tour next week. The President of the European Commission will visit seven European capitals with the aim of announcing the “green light” of the Commission in its national plans for resilience and recovery from its crisis pandemic.
As the Commission spokeswoman stated Ursula von der Leyen will travel to Austria and Slovakia on Monday 21 June, Germany, Italy and Latvia on Tuesday 22 June and France and Belgium on Wednesday 23 June.
Twenty-four of the 27 Member States have so far submitted their national recovery plan to the Commission. The countries that have not yet submitted a plan are Bulgaria, Malta and the Netherlands.
For its financing Recovery Fund (NextGenerationEU), the European Commission, on behalf of the EU, started issuing common debt for the first time on 15 June, raising € 20 billion. In total, the Commission will have to borrow up to € 800 billion in the capital markets by the end of 2026.
The RGF Recovery and Resilience Mechanism, which is at the heart of NextGenerationEU, will provide up to € 672.5 billion (in current prices) to support investment and reform across the EU (407.5), according to the Athens News Agency. billion euros in grants and 386 billion euros in loans).
Spain and Italy are the main beneficiaries of the Recovery Fund, with about 70 billion euros each.
Formally, the final green light for the various national plans will be given by the Council, which represents the Member States. The first positive opinions are expected at the EU Finance Minister (Ecofin) on 13 July.
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