For the revitalization of the European economy there is the Corona build-up fund. The German plans were well received in Brussels.
Germany has the green light from Brussels for its plans to use the European Corona development aid.
EU Commission chief Ursula von der Leyen personally brought the positive decision on the German development plan to Chancellor Angela Merkel in Berlin on Tuesday. Germany expects 25.6 billion euros from the Corona development fund RRF.
Von der Leyen particularly praised the German plans to invest heavily in the digitization of administration and the healthcare system. With a share of 52 percent of the expenditure for such projects, Germany is the best in Europe, said the former Federal Minister.
Merkel justified this with the need to catch up. Among other things, the work of the health authorities will change and improve significantly. The Chancellor praised the fact that the implementation of the European corona aid had proceeded “at an insane pace”.
A year ago, the EU states agreed on a development program worth 750 billion euros – in current prices that is a good 800 billion euros. It should give the European economy a boost after the pandemic and modernize it at the same time. It is the largest investment program since the American Marshall Plan after the Second World War, said von der Leyen. The money will be raised on the capital market and repaid jointly by the EU countries by 2058.
The Commission believes that the German plan fulfills the European requirements, as it explained in Brussels. At least 42 percent of the funds are planned for climate protection projects – the target was 37 percent. 2.5 billion euros alone are earmarked for the promotion of building renovation, and a further 2.5 billion euros in purchase premiums for electric cars. When it comes to investments in digitization, Germany, at 52 percent, is well above the required share of 20 percent.
The Brussels authority is also satisfied with the reform promises from Berlin. Central is the bindingly promised dismantling of investment barriers, also in public administration. Overall, as requested, a significant part of the reform recommendations formulated annually by the Commission will be addressed, according to the Commission.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
