Press release - National recovery plans: historic opportunity for long-term sustainable growth

MEPs stress that the Recovery and Resilience Facility (RRF) is a historic EU instrument that must not only mitigate the negative effects of the COVID-19 pandemic, but must also have a lasting impact on prosperity and help distribute growth fairly.

Metadata

Provider:

European Parliament

URL:

https://www.europarl.europa.eu/news/en/press-room/20210604IPR05530/

Retrieved on:

Thursday, June 10, 2021

Information

Tags:

Articles, Motivation, Psychological adjustment, Psychological resilience, Self-sustainability, European Union, Pandemic, Stimulus, COVID-19 pandemic, Next Generation EU

Summary

Key Points:

MEPs stress that the Recovery and Resilience Facility (RRF) is a historic EU instrument that must not only mitigate the negative effects of the COVID-19 pandemic, but must also have a lasting impact on prosperity and help distribute growth fairly.
Such measures should help prevent and detect corruption, fraud and conflicts of interest when the funds are being used.
Finally, MEPs point to the Rule of Law Conditionality Regulation and stress no project can go against EU values.
Background
In the resolution adopted on 20 May, Parliament called for more democratic scrutiny of national recovery strategies to actively oversee the Recovery and Resilience Facility, a stimulus package designed to help EU countries tackle the effects of the COVID-19 pandemic.