Von der Leyen /// A new “Marshall Plan” to stoke Europe’s recovery in the coronavirus catastrophe


European Commission President Ursula von der Leyen holds a news conference detailing EU efforts to limit the economic impact of the coronavirus disease (COVID-19) outbreak. The next EU budget should take the form of a new “Marshall Plan” to stoke Europe’s recovery in the coronavirus catastrophe, European Commission president Ursula von der Leyen said on Thursday. “We know in this crisis we need quick replies. We cannot take one, two or three years to devise new instruments,” she told a news conference, adding that the long-term funding, referred to as the multiannual financial framework (MFF) has been its strongest tool. “We want to shape the MFF in such a way it is a crucial part of our recovery plan… Most are calling right now for something which is known as this Marshall Plan. I believe the European funding should be the Marshall Plan we’re laying out together as a European Union for the European people,” she explained.

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