Thread by @EUCouncil

What is @eucopresident 'negobox' presented today?
It's the proposal EU leaders will discuss at #EUCO 17-18 July.

In a nutshell:

➡️ €1 074 bn
💶 #EUbudget 2021-2027

➡️ €750 bn
📈 #NextGenerationEU
€500 bn grants + €250 bn loans

#RecoveryPlan #StrongerTogether 1/7

What is #NextGenerationEU?

A temporary fund of €750 bn to support the recovery from the #COVID19 pandemic 📈 powered by new financing raised on the financial markets.

Here's what today's 'negobox' proposes to use it for 👇

#RecoveryPlan #StrongerTogether 2/7

#NextGenerationEU includes a Recovery & Resilience Facility for investments & reforms 📈

➡️ It aims to help 🇪🇺 countries emerge stronger from #COVID19 crisis 💪

➡️ Here's the criteria proposed to ensure funds go where most needed 👇

#RecoveryPlan #StrongerTogether 3/7

The departure of the UK from the EU approaches.

As the future 🇪🇺🇬🇧 relationship is being negotiated, @eucopresident 'negobox' proposes a new Brexit Adjustment Reserve of €5 billion.

What's it for? 👇

#RecoveryPlan #StrongerTogether 4/7

"The goals of our recovery can be summarised in three words: convergence, resilience & transformation. Concretely, this means: repairing the damage caused by #COVID19, reforming our economies, remodelling our societies."
@eucopresident

#RecoveryPlan #StrongerTogether 5/7

"My revised proposal for the EU multiannual budget & #RecoveryPlan is firmly grounded in our EU priorities – climate transformation, digital agenda, European values & a stronger Europe in the world."

@eucopresident statement 👇

europa.eu/!uJ69hc

#StrongerTogether 6/7

Follow the debate on the #RecoveryPlan, #NextGenerationEU & #EUbudget 2021-2027 📈

Next stop 🚏
🇪🇺 European Council #EUCO 17-18 July

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➡️Subscribe to updates from @EUCouncil: europa.eu/!YV46WK

#StrongerTogether 7/7