Divided EU leaders’ first go at the recovery plans This WEEK

EU leaders will have their first conversation online on Friday (19 June) on the coronavirus recovery bundle and modified long-lasting budget proposed by the EU commission. The leaders are not anticipated to concur yet, that needs at least one or more individual conferences, the first of which will be kept in July in Brussels. The […]

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EU still divided on recovery but Denmark relaxes position

Denmark has actually alleviated its position on the EU’s financial recovery strategy after the pandemic ahead of an essential conference, still to held online, of EU leaders next week. While Denmark stays unwilling on giving out more grants to member states under the corona recovery strategy, Copenhagen does not wish to eliminate them entirely, just […]

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EU Commission’s green recovery criticised as ‘brown’

The European Commission’s combined EUR1.85 trillion recovery strategy from the coronavirus crisis – consisting of Wednesday’s EUR750 bn recovery fund and the next seven-year budget – has not persuaded ecological NGOs, who stated the proposition stops working to use a really ‘green recovery’. “We need to press fast forward towards a green, digital and resilient […]

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EU Commission’s EUR1.75 trn recovery package

The EU Commission on Wednesday (27 May) revealed its recovery plan and revised budget focused on rebooting the European economy after it came to a grinding halt due to the coronavirus lockdowns. The EU is facing its most significant financial depression in its history and the commission hopes that an over a trillion-euro budget and […]

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Balochistan registers 16 pc increase in Covid-19 recovery rate: spokesperson

QUETTA: Balochistan federal government spokesperson Liaquat Shahwani on Wednesday stated that the recovery rate in the province, which had actually reduced to 13 percent over the last couple of weeks, has actually increased to 29 percent just recently. Attending to an interview, Shahwani exposed that the death rate has actually likewise reduced to one percent. […]

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EU recovery agreement deal may need ‘individual’ summit

The EU Commission will on Wednesday (27 May) set out its modified long-lasting budget proposition and prepare for financial recovery after the Covid-19 pandemic brought Europe to a near-complete grinding halt. Commission president Ursula von der Leyen will provide the strategies to reporters and MEPs on the recovery strategy, connected to the brand-new seven-year budget […]

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Draft EU ‘green recovery’ plan amid clash over natural gas

The European Commission’s recovery plan from the coronavirus pandemic will provide concern to structure renovation, renewables and hydrogen in addition to to tidy movement and waste management, according to a draft file seen by EUobserver. “For climate change, there is no vaccine. This is why Europe must now invest in a clean future,” commission president […]

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Recovery plans unveiled This WEEK

After weeks of speculation, arguments, counter-arguments, proposed (and contested) numbers, this Wednesday (27 May) the EU Commission will reveal its recovery plans for both starting the bloc’s economy and a modified EU budget proposition. Commission president Ursula von der Leyen will set out the proposition to reporters and MEPs on Wednesday. It requires the contract […]

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EU links access to recovery fund to economic advice

The EU Commission on Wednesday (20 May) stated member states need to connect their coronavirus recovery strategies to the economic standards set out by the commission in order to access EU funds focused on taking on the pandemic’s impacts. Nevertheless, the commission did not expose information on how the suggestions would be connected to the […]

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EU rift deepens as Commission sticks to EUR1trn recovery

The EU Commission is still going for a greater than one-trillion-euro recovery fund, its vice president stated on Tuesday (19 May) – some 24 hours after a German-French proposition required a EUR500 bn financial tool to assistance start Europe’s economy struck by the coronavirus pandemic. “Our ambition is not to increase the financing capacity in […]

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