As announced by European Commission President von der Leyen on 27 May 2020, the Commission is aiming to kick-start the EU economy by incentivising private investments.
The Commission today proposes a new Solvency Support Instrument, which builds on the existing European Fund for Strategic Investments, to mobilise private resources to urgently support viable European companies in the sectors, regions and countries most economically impacted by the pandemic.
EU Trade Commissioner, Phil Hogan, today welcomed the European Commission’s proposal for a comprehensive Recovery Programme, which will increase the Commission’s original 2018 MFF proposal from €1.1 trillion to €1.85 trillion.
Today’s proposal includes a new €750 billion Recovery Instrument – Next Generation EU. This will be made-up of €500 billion in grants and €250 billion in loans and will be funded through the Commission borrowing on the capital markets. That borrowing will be invested back into a number of MFF programmes, including the Common Agricultural Policy, from which Ireland is a significant beneficiary.
In association with the Irish Farmers Journal, the European Commission Representation in Ireland is hosting an online webinar on the new CAP and the EU Green Deal.
The briefing will be given by Wolfgang Burtscher, Director-General of the European Commission’s Directorate-General for Agriculture and Rural Development.
The European Commission Representation in Ireland and the Institute of International and European Affairs (IIEA) are organising a joint webinar on the European Commission's 2020 Country Specific Recommendations for Ireland on Monday lunchtime, 8 June.
This online event will include presentations and panel discussions of the Country Specific Recommendations (CSRs) for Ireland, with speakers/representatives from/of the European Commission, Ireland and Social Partners.