EU Recovery plan shouldn’t compromise long-term EU budget – McGuinness

The EU’s long-term budget should not be cut to fund the seven hundred and fifty billion euro (€750) Recovery plan announced yesterday.

That’s the warning from the Fine Gael MEP Mairead McGuinness.

The European Commission president unveiled details of the EU’s ambitious covid recovery fund during an address to the European Parliament yesterday.

Ursula von der leyen’s commission is proposing a mix of five hundred billion (€500bn) in grants and two hundred and fifty billion (€250bn) in loans to help EU countries, regions and sectors cope with the economic fallout of the pandemic.

Here’s Mairead McGuinness.

Out words: cohesion

Dur: 00:40

Early out at 00:24 (false economy)