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Source: European Parliament

The COVID-19 pandemic has not only had a devastating effect on our health and well-being but has also undermined the economy. At this time of crisis, it is more that ever necessary for the Member States to pull together and in the same direction.

While the top priority is to save as many lives as possible and secure stocks of medical equipment, disinfectant and masks for the European public, an EU funding strategy is also necessary to ensure that no Member State is left to fend for itself during these times of great hardship.

Once the COVID-19 epidemic is over, Europe will inevitably need to contend with the economic fallout. In a similar situation following the Second World War, the Marshall Plan was introduced in a bid to bring about European economic recovery.

In view of this, is the Commission now planning to launch a new Marshall Plan to assist Member States stricken by the COVID-19 pandemic?

MIL OSI Europe News