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Press release from the Commission.....>

EU COMMISSION
EU COMMISSION: Press release from the Commission on the COVID-19 recovery plan
called 'Next Generation EU'. Not full details of costing, but some info on
planned amounts:
- https://ec.europa.eu/commission/presscorner/detail/en/IP_20_940
- "Next Generation EU will raise money by temporarily lifting the own resources
ceiling to 2.00% of EU Gross National Income, allowing the Commission to use its
strong credit rating to borrow E.750 billion on the financial markets. This
additional funding will be channelled through EU programmes and repaid over a
long period of time throughout future EU budgets - not before 2028 and not after
2058."

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