Statement by President von der Leyen on reaching a swift and ambitious agreement on the European recovery package

Reaching a swift and ambitious agreement on the European recovery package is the EU’s highest priority for the coming weeks.  The Commission has made proposals that respond forcefully to Europe’s recovery needs and will lay the foundations for a more sustainable and resilient economy for future generations. Since the Commission tabled its proposals for NextGenerationEU…

European Parliament Slams Chinese Communist Party’s Totalitarian Attack on Hong Kong’s Freedoms

The Socialists and Democrats in the European Parliament have condemned the adoption by China of a highly controversial national security law, a move that undermines the ‘One Country, Two Systems’ principle that followed the end of British rule in 1997, leading to further escalations and endangering the status of the city. Once again, the S&Ds strongly condemn the mass…

Throughout its national efforts to face public health challenges, Morocco continues to show solidarity with its continent and its partners.

 By Nasser Bourita Covid-19 has spared no country, region or continent. In the Euro-Mediterranean area, as well as in Africa and Europe, it has struck indiscriminately, but with a degree of differentiation.  Firstly, there was differentiation in the timing: it hit the European countries before spreading to the Maghreb region and sub-Saharan Africa. Then, there…

EU Recovery Strategy Supported by SMEs

The EU’s European Recovery Strategy with its Recovery Fund and the adapted Multiannual Financial is a bold step, said SMEunited President Alban Maggiar in a first reaction to last week’s announcement from European Commission President Ursula von der Leyen.  He said it is a strong sign of solidarity combined with the will and the instruments…

The Recovery Fund Faces a Tricky Passage

By Christian Odendahl and John Springford The Commission’s proposed recovery fund is macroeconomically meaningful. The ‘frugals’ should focus less on negotiating away the transfers to harder-hit countries, and more on how the money is spent. The European Commission has turned the €500 billion EU recovery fund proposed by Angela Merkel, the German chancellor, and Emmanuel Macron, the…

Morocco Supports ‘Global Goal: Unite For Our Future’

President of the European Commission Ursula von der Leyen issued a press statement yesterday reporting on progress with the Coronavirus Global Response Initiative which was launched on 4 May. More than 40 countries, United Nations bodies and philanthropies made a pledge towards the research and development of coronavirus solutions at this global event – with…

Bringing Europe’s Economy Back on Track

Angela Merkel and Emmanuel Macron  have proposed that the EU borrows on the financial markets in order to disperse some €500bn  through grants to European economies hit hardest by the coronavirus pandemic. Under the Franco-German proposal the member states receiving the funds would not need to repay the cash. Liability for the debt would instead…

Celebrating European Solidarity

Today is the 70th Anniversary of the signing of the Schuman Declaration, which was originally presented by French foreign minister Robert Schuman on 9 May 1950. The Declaration proposed the creation of a European Coal and Steel Community (ECSC) between France, West Germany, Italy, the Netherlands, Belgium and Luxembourg, to enable these countries to pool…

$8 Billion to fight Coronavirus

Yesterday 4th May, the Commission registered €7.4 billion, equivalent to $8 billion, in pledges from donors worldwide during the Coronavirus Global Response pledging event.  This includes a pledge of €1.4 billion by the Commission. This almost reaches the initial target of €7.5 billion and is a solid starting point for the worldwide pledging marathon, which begins today….