Video summit of the EU leaders: to Whom is the billion-dollar Corona building Fund helps

The EU leaders are in a Dilemma, if you start this Friday on a video summit, the negotiations on the Corona-recovery package. On the one hand, you need to some

Video summit of the EU leaders: to Whom is the billion-dollar Corona building Fund helps

The EU leaders are in a Dilemma, if you start this Friday on a video summit, the negotiations on the Corona-recovery package. On the one hand, you need to some quickly when the package is supposed to have an effect on the economy. German Chancellor Angela Merkel spoke on Thursday of an agreement before the summer break. On the other hand, the questions of the States to the 750-billion-Euro package from the EU-Commission President Ursula von der Leyen, after the first debate, the competent EU filled the Ambassador alone, 32 pages.

Hendrik Kafsack

economic correspondent in Brussels.

F. A. Z. Twitter

a Controversial, almost everything is, as President of the Council, Charles Michel, in his letter of invitation to the summit, the height, the duration, the distribution, the share of non-repayable grants and loans, the question of the conditions and their control as well as the height and structure of the EU budget 2021 to 2027, on the based reconstruction package stand:. The Central question, but hardly anyone: What is the recovery package with the Corona-crisis? It is at the end of a "EU budget 2.0"?

Merkel said in the Bundestag on Thursday unequivocally, the package should support the hardest hit by the pandemic-affected regions with investment in your future ability. So in a goal-oriented, but the Commission's proposal is not. On the contrary, The crisis-affected regions continue to benefit, but others much more. Already at the presentation of the package was, that is, both health-wise as well as economically low, affected Poland to Italy and Spain, one of the main winners. In the meantime, approximately, the Brussels think-tank Bruegel, the Institute of German economy (IW) have looked at the distribution of funds in more detail. The results are similar: It is primarily the economically weak countries of Eastern Europe benefit.

Italy, gets 86 billion

the height of the proposed grants in relation to the economic output that flows the most money, according to calculations from Bruegel to Bulgaria (16 per cent), Croatia (15) and Greece (14). France is 43 billion. But only 2 percent of economic output. It is thus hardly better than Germany, of which 34 billion euros, 1 percent. Italy, with 86 billion euros of 5 percent of its economic output, Spain, with 81 billion euros of 7 percent, and Poland, with 38 billion euros, 8 percent. The consequences of the Corona-crisis play no role taken by France and Romania, comparable to the strong; while France, but grants of 2 percent of economic performance, gets to Romania by 10 percent.

Updated Date: 19 June 2020, 02:19

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