The European Parliament must have a role in designing the EU’s Coronavirus Recovery Fund or the EPP Group will veto the EU’s long-term budget plan. The Group says funding for the Recovery Fund must be new, raised by a combination of grants and loans guaranteed by the long-term budget plan. We must avoid another lost generation of youth, as was the scenario following the 2008 financial crisis. The Recovery Package, including private investment, should top 2 trillion Euros.

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