Armed to 500 billion for reconstruction: Von der Leyen presents the EU Plan

With a multi-billion dollar reconstruction plan wants to bring EU-Commission, head of Ursula von der Leyen, the European economy after the Corona-crisis momentu

Armed to 500 billion for reconstruction: Von der Leyen presents the EU Plan

With a multi-billion dollar reconstruction plan wants to bring EU-Commission, head of Ursula von der Leyen, the European economy after the Corona-crisis momentum and modernize. For the first time, hundreds of billions of euros are to be included as a joint debt to the EU budget. The Details of the Leyen on Wednesday afternoon (13.30 PM) in a speech in the European Parliament.

Due to the time-matter, temporarily still during the pandemic, the economy will shrink in the European Union, according to an official forecast this year to 7.4 percent. Some countries, such as Italy, Spain and Greece are particularly hard hit. The EU member States have already established a common safety net, with financial assistance of up to 540 billion euros. The reconstruction plan is the next step.

praise for ready-to-compromise German government

economic experts welcome the efforts to a large-scale program. The EU is facing the deepest recession since the Second world war, said Guntram Wolff of the Brussels think tank Bruegel. "There is the risk of a long-lasting crisis and the danger that the single market and the economic success of the EU is undermined."

Wolff also acknowledged that Germany had changed its Position, and a loan financed by the wool back support-building programme. It was a "significant step" and a "Position, which is more realistic and reasonable compared to the size of the challenge".

Merkel wants to own Position on Wednesday

explain Last week, Germany and France had proposed that the EU Commission should resume with the help of guarantees from the EU member States 500 billion euros in credit and grants to crisis countries and sectors assigned. The German Position is observed particularly carefully, because the Federal Republic of Germany is the strongest economy and the largest net contributor to the EU.

In addition, Germany undertakes to 1. July for the six-month presidency of the EU-countries. Thus, German Chancellor Angela Merkel a special role to play in addressing the crisis. Your focus will you. on Wednesday in a video conference with the head of the EU Parliament and in a speech at the Konrad-Adenauer-Stiftung describe

Von der Leyen puts on loans and a tax or plastic dispensing

By the Leyens rebuilding plan is in its vertices are already known, and it is similar to the German-French concept. The Commission's boss, is to link your plan with the next seven-year EU Budget. This alone has a circumference of about a trillion euros. Add to that several Hundred billion for the development plan. The precise Figures the Commission held on until the last classified.

von der Leyen, the establishment wants to Finance the plan with credits. The EU is supposed to guarantee States with contribution commitments to the budget. In the jargon: The own resources ceiling should be increased. The debt will then be over the decades, from the EU Budget abgestottert. This should help by the will of the EU Commission's new own revenue from taxes and duties. The conversation is an extension of the European emissions trading system, as well as a digital tax or a plastic output.

Austria's Chancellor announces Short again, resistance

That borrowed money as a donation and not only as repayable loans to crisis countries should flow, and has some of the countries of the EU resistance. Austria, the Netherlands, Sweden and Denmark, now known as the "Thrifty Four" - have together raised an objection.

According to Austria's Chancellor Sebastian warned Short, the European Commission against the German-French plans to heavily indulge. "I expect that the proposals of the EU Commission, will also take on the ideas of the 'frugal Four' consideration," said Short of the "world" from the Wednesday and announced resistance against unilateral determinations. "We will be vigilant in these negotiations to ensure that our interests are taken into account." Foreign travel, contact block, family bonus: The change for you in June of 2020, FOCUS Online/Wochit money and everyday life: international travel, contact block, family bonus: The change for you in June 2020 13-Year-old is filming illegally Tesla-construction - Elon Musk is excited to FOCUS Online/Wochit 13-Year-old is filming illegally Tesla-construction - Elon Musk is thrilled

pom/dpa
Updated Date: 28 May 2020, 01:27

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