“Next Generation EU”: Economic Recovery through Shared Debt
“Next Generation EU”: Economic Recovery through Shared Debt

Author(s): Marek Wąsiński
Subject(s): Politics, Agriculture, Economic policy, Economic development, EU-Accession / EU-DEvelopment, Financial Markets
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; economy; policy; development; strategy; Agriculture; Poland; financial markets;
Summary/Abstract: The new proposal for the 2021-2027 EU budget includes debt issuance by the European Commission (EC) to support economic recovery in the Union. The Next Generation EU mechanism aims to raise €750 billion from financial markets. However, the consent of all Member States will be required. The main points of contention are how the funds will be distributed - in the form of grants or loans - and conditionality for the support. The proposal takes into account the increased funding for the Just Transition Fund or the Common Agricultural Policy for Poland.

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