Commission acts to make available 37 billion euro from the EU budget to address the Coronavirus
The Commission has today taken steps to make available 37 billion euro from the EU budget to fight the Coronavirus crisis under its Coronavirus Response Investment Initiative.
The Commission will use all possible means – advancing payments, redirecting cohesion funds and making it possible to spend the money on what is most needed – to address the Coronavirus crisis. The goal is to support EU countries and their citizens in these extraordinary circumstances.
The Coronavirus Response Investment Initiative is part of the European coordinated response to counter the economic impact of the Coronavirus.