EU: Foreground Agreement to Increase Anti-Sucture Assistance · Global Voices CO VID-19

Eurodeputs and member states reached a preliminary agreement on increasing EU structural assistance to areas facing pandemic, with 47.5 billion euros over the next two years, the European Parliament announced today.

This new financing will be made available through EU structural funds, with 37.5 billion euros allocated for 2021 and 10 billion for 202250, the institution said in a press release, the ATS reported.

This original green light will have to be approved by all parliament, as well as by the Council, the body representing the 27th.

The European Commission, the EU executive, had proposed this increase in the spring, in the form of a programme called “Reago-EU”, as part of the post recovery plan CO VID-19.