The European Commission will propose a new stimulus package to help the bloc recover from the economic damage caused by the coronavirus pandemic, commission chief Ursula von der Leyen said on Saturday.
“To ensure recovery the Commission will propose changes in the MFF proposal that will allow to address the fallout of the coronavirus crisis,” von der Leyen said in a statement.
The MFF is the multi-annual financial framework (MFF), the European Union’s long-term budget.
“This will include a stimulus package that will ensure that cohesion within the Union is maintained through solidarity and responsibility,” she added.
“At this juncture, the President is not excluding any options within the limits of the treaty.”
They asked the Eurogroup bloc of nations to come up with proposals next month.
“The Commission will participate in these discussions and stands ready to assist, if supported by the Eurogroup,” von der Leyen said.
“In parallel the Commission is working on proposals for the recovery phase within the existing treaties.”
TRT World
29/03/2020
