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A European recovery fund is urgently needed, Commissioners for the Internal Market and the Economy tell CNA
CNA Athanasios Athanasiou - Belgium/Brussels 05/04/2020 20:24

Thierry Breton and Paolo Gentiloni, Commissioners for the Internal Market and the Economy call for the creation of a "fourth pillar" to provide European funding to thee Member States in order to support the real economy, in addition to the ESM, the EU Budget and the ECB`s liquidity tools.

In their OP-ED published in Cyprus by CNA, the two Commissioners are sounding the alarm about the magnitude of the challenge to the economy from the Covid-19 pandemic and urge Member States not to miss this historic opportunity.

In detail, the two Commissioners state the following:

"A European recovery fund is urgently needed

Faced with one of the greatest tragedies we have confronted in decades, Europe has no choice but to show unity and solidarity.


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