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The EU's recovery fund proposals: crisis relief with massive redistribution

Posted On: Jun 17, 2020   |   Posted By: Bruegel

The EU's recovery fund proposals: crisis relief with massive redistribution

When European leaders convene this Friday , each will mainly look at how much her or his country can expect to receive from the European Commission's recovery proposals. However, the Commission has so far shied away from publishing an estimate of national shares.
Limited guidelines were provided however on the estimated overall cross-country allocation in the Commission's two recent proposals: the €750 billion ‘Next Generation EU' plan and the additional €11.2 billion amendment to the 2020 annual budget. Cross-countries allocation proposals have been published for only three out of the twelve different instruments that make up the package: the Recovery and Resilience Facility, the Just Transition Fund and agricultural subsidies. Guidance is vague for the other nine, which account for about a third of the grant and guarantee components. The Commission either provided the detailed methodology behind cross-country allocations without any estimate ; indicated broad principles for cross-country...

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