Michel: EU Leaders To Consider ‘Marshall Plan’ For Europe

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EU leaders will on Thursday discuss a “Marshall Plan-like” stimulus package to fight the dire effects of the coronavirus on the bloc’s economies, European Council President Charles Michel said Wednesday.

Speaking on Belgian television channel LN24, Michel said he had earlier this week discussed “the way we are going to put in place what I call a Marshall Plan-like stimulus strategy” with the bloc’s 27 ambassadors, ahead of Thursday’s videoconference of heads of state and government.

“And when I say Marshall Plan-like, I say with a strong ambition,” he added. The impact of the economic shock on businesses means “we must be very active, very soon.”

Michel described the endeavor as “an intra-European plan which must mobilize EU capital in the framework of the European budget; which must mobilize national funds and which should also mobilize the private sector,” adding: “We will have to use all the tools.”

Read more at POLITICO.

{Matzav.com}


1 COMMENT

  1. Does the EU have any important declaration now about the “occupied territories”?
    Is the 2-state solution still threatened?
    Are there any fact-finding commissions getting ready to investigate so-called war crimes?
    Why are the Brussels EU paper pushers so quiet now about these mega issues?
    This pandemic will give them lots of time to think about really important matters (provided though that these self appointed self righteous fellows did not lose the ability to think altogether).

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