Head of the European Commission: the EU needs a “Marshall plan” after the epidemic

She wrote about this in an author’s column in the newspaper Welt am Sonntag.

European Commission chief Ursula von der Leyen believes that the EU will need a new “Marshall plan” to overcome the consequences of the coronavirus pandemic.

She wrote about this in an author’s column in the newspaper Welt am Sonntag.

“Billions of euros must be invested today to prevent a disaster in the future,” von der Leyen wrote. She also expressed confidence that large financial investments to help the European economy overcome the consequences of the epidemic will “link generations together” and strengthen the unity of the EU.

The main idea of the head of the European Commission’s column is the need for a radical revision of the EU budget for 2021-2027. In her opinion, the EU countries should show solidarity by sending funds to this budget.

The Marshall plan – named after US Secretary of state George Marshall-called for US aid to European countries after World War II. The Soviet bloc countries rejected this plan, and the States of Western Europe, including West Germany, accepted it. He helped restore the European economy, which was destroyed after the war. It does not follow from von der Leyen’s text that she is referring to US aid; the “Marshall plan” is referred to as a metaphor for large and purposeful financial investments.

The EU is currently debating what tools to use to overcome the recession that the coronavirus epidemic is likely to cause.

The EU countries account for about half of all detected cases of coronavirus infection in the world – more than 600 thousand. More than 40 thousand residents of EU countries died. Most victims of coronavirus are in Italy, Spain, and France. The EU economies are suffering not only because of the epidemic but also due to quarantine measures imposed in the many European States; the closure of many factories, mainly in the service sector between the countries of the Schengen zone re-introduced border controls or even closed borders. The EU is also criticized, in particular, for insufficient coordination of assistance to the most affected countries, such as Italy.

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