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EU Top News
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Europe's moment: Repair and prepare for the next generation
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On 27 May, the European Commission put forward its proposal for a major recovery plan. To ensure the recovery is sustainable, even, inclusive and fair for all Member States, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget. The Commission has also unveiled its adjusted Work Programme for 2020, which will prioritise the actions needed to propel Europe's recovery and resilience.
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Coronavirus Global Response: kick off of new campaign with support of Global Citizen
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On 28 May, the Commission announced the next steps in the Coronavirus Global Response, the global action for universal access to affordable coronavirus vaccination, treatment and testing. The pledging marathon that started on 4 May will now see the launch of a new campaign with the international advocacy organisation Global Citizen, “Global Goal: Unite For Our Future”, that will culminate in a Global Pledging Summit on Saturday 27 June.
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Reinforcing Europe's resilience: halting biodiversity loss and building a healthy and sustainable food system
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On 20 May, the European Commission adopted a comprehensive new Biodiversity Strategy to bring nature back into our lives and a Farm to Fork Strategy for a fair, healthy and environmentally friendly food system. The two strategies are mutually reinforcing, bringing together nature, farmers, business and consumers for jointly working towards a competitively sustainable future.
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Commission proposes a public loan facility to support green investments together with the European Investment Bank
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On 28 May, the European Commission presented its proposal for a public sector loan facility under the Just Transition Mechanism. The facility will be implemented with the involvement of the European Investment Bank and will encourage investments that support the transition towards a climate-neutral economy by public sector authorities to the benefit of coal- and carbon-intensive regions.
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Tourism and transport: Commission’s guidance on how to safely resume travel and reboot Europe’s tourism in 2020 and beyond
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On 13 May, the Commission presented a package of guidelines and recommendations to help Member States gradually lift travel restrictions and allow tourism businesses to reopen, after months of lockdown, while respecting necessary health precautions.
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Economic Governance
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European Semester Spring Package: Recommendations for a coordinated response to the coronavirus pandemic
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On 20 May, the Commission proposed country-specific recommendations (CSRs) providing economic policy guidance to all EU Member States in the context of the coronavirus pandemic, focused on the most urgent challenges brought about by the pandemic and on relaunching sustainable growth.
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Coronavirus: Commission welcomes Council adoption of €100 billion SURE instrument
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The European Commission warmly welcomed the agreement between Member States in the Council on the regulation establishing the European instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE).
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State aid: Commission approves €11.5 million Maltese scheme to support investments in the production of coronavirus-relevant products
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The European Commission has approved a Maltese aid scheme of €11.5 million to support investments in the production of productsthat are relevant to the coronavirus outbreak, including vaccines, ventilators and personal protective equipment. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May 2020.
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State aid: Commission approves €40 million Maltese support scheme to grant interest rate subsidies to companies
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The European Commission has approved a €40 million Maltese interest rate subsidy scheme to support companies facing acute liquidity shortages due to the current coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020.
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Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery
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The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Despite the swift and comprehensive policy response at both EU and national level, the EU economy will experience a recession of historic proportions this year.
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