Do you accept the use of cookies to ensure a better experience on our website?

Read more
Try Brussels for Free
EU covid

The next generation of Europeans will benefit from a €750 billion stimulus package designed to take the European Union out of the financial crisis caused by the coronavirus pandemic.

European Commission President Ursula von der Leyen said that the crisis caused by the COVID-19 pandemic "affects all member states."

"The coronavirus has shaken Europe and the world to its core, testing healthcare and welfare systems, our societies and economies and our way of living and working together. To build a lasting and prosperous recovery, the European Commission is proposing to harness the full potential of the EU budget,” she said.

The recovery package aims to allow Europe to “to come out of the crisis stronger than before." Von Der Leyen stated that the funding was specifically built with the new generation in mind, with the European Green Deal and digitisation seen as the most important areas of investment for the young generation.

Italy's Guiseppe Conte said it was an 'excellent signal from Brussels'.