We will not allow Recovery Fund finance economic populism

11.03.2021 9:26

We will not allow Recovery Fund finance economic populism

Recovery Fund

“We must make sure that the national plans on how to use the European Recovery Fund make the best use of EU taxpayers’ money and that the reforms proposed will make our economies more resilient”, said Siegfried Mureşan MEP, ahead of today's parliamentary debate on National Recovery and Resilience Plans and good spending.

“Economic populism shall not be financed through the Recovery and Resilience Facility (RRF) and national governments should ensure that local and regional authorities have a say in the implementation of the plans. This is the only way to maximise the impact on the ground of the RRF”, stressed Mureșan.

Thanks to the efforts of the EPP Group, the RRF will have full democratic legitimacy: “We successfully established a structure in the Parliament which will scrutinise national plans and RRF spending", recalled Mureşan, who was one of the negotiators of the Recovery Fund in the European Parliament.

The RRF is at the core of the €750 billion Recovery Fund. It amounts to €672.5 billion, of which €350 billion will be loans and €312.5 billion will be grants to help EU countries mitigate the social and economic impact of the COVID-19 crisis.

Note to editors

The EPP Group is the largest political group in the European Parliament with 175 Members from all EU Member States

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