The EU’s next seven year budget should be a key instrument in the recovery plan to confront the negative economic consequences of the COVID-19 crisis, European Commission President Ursula von der Leyen said on April 2.
“Some people are talking about a Marshall Plan. The European budget should be the Marshall Plan we lay out together,” von der Leyen said while proposing a package aimed at support of the most affected countries.
A number of member states, including Spain along with the European Council president Charles Michel, have been calling for an EU Marshall Plan to support European economy in the aftermath of the pandemic.
“We all know that in this crisis we need quick answers and we cannot take two or three years to invent new tools,” von der Leyen pointed out, “the MFF (Multiannual Financial Framework, the EU’s long-term budget) is the strongest tool we have,” she concluded.
“We want to shape the MFF in such a way that is a crucial part of our recovery plan,” the president added.