EU paves way for national approval of recovery plan

ECB_AdobeStock_575x375_23April20
By Lewis McLellan
17 Sep 2020

The European Parliament voted in favour of an expansion of the EU’s own resources on Wednesday. The result brings the EU’s €750bn recovery plan one step closer to reality.

The decision is technically non-binding. However, it was nevertheless vital for the recovery plan to progress.

With a vote of 455 in favour, 146 against and 88 abstentions, the EU parliament has provided its legislative opinion that the EU requires new sources of revenue to cover the costs ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial