{"id":110447,"date":"2022-06-17T03:33:19","date_gmt":"2022-06-17T01:33:19","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=110447"},"modified":"2022-06-16T10:29:15","modified_gmt":"2022-06-16T08:29:15","slug":"recovery-plans-meps-push-for-wise-use-of-money-democratic-oversight","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/recovery-plans-meps-push-for-wise-use-of-money-democratic-oversight\/","title":{"rendered":"Recovery plans: MEPs push for wise use of money, democratic oversight"},"content":{"rendered":"
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Countries should use the more than \u20ac700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The EU\u2019s Recovery and Resilience Facility was set up at the height of the Covid-19 crisis to help EU countries support struggling businesses and people. While the\u00a0EU\u2019s economy rebounded in 2021 after a sharp fall in 2020<\/a>, new economic and social challenges are emerging with the war in Ukraine and the increase of energy and food prices.<\/p>\n

More than a short-term relief instrument, the \u20ac723,8 billion Recovery and Resilience Facility is a future-oriented plan that finances reforms and investments proposed by EU countries in areas such as the green transition, digital transformation, health, social and economic resilience and support for young people.<\/p>\n

In a report on the implementation of the Recovery and Resilience Facility so far,\u00a0prepared by Parliament\u2019s economic and budgets committees<\/a>, MEPs stress that the money should be used effectively to ensure long-term benefits for the EU\u2019s economy and society. They emphasise the need to increase the EU\u2019s strategic autonomy, to reduce the dependence on imported fossil fuels and diversify energy sources.<\/p>\n

Find out more about the\u00a0<\/em>Recovery and Resilience Facility<\/em><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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State aid: Commission approves 500 million Finnish scheme<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Progress with implementation of recovery plans<\/h2>\n

Apart from a pre-financing instalment of up to 13% of the allocated funds, EU countries get the rest of their payments under the Recovery and Resilience Facility upon meeting specific targets and milestones.<\/p>\n

So far, most countries have received their pre-financing, while eight countries have made requests for a first payment and Spain has made a request for a second payment.<\/p>\n

Three countries have not had their national plans approved: the Netherlands has not submitted its plan, while approval of the plans from Poland and Hungary has been held up because of concerns about the rule of law and risks related to fraud, conflicts of interest and corruption.<\/p>\n

The European Commission gave its positive assessment of Poland\u2019s national recovery plan on 1 June, which needs to be approved by the Council.\u00a0Parliament criticised the Commission\u2019s decision<\/a> in a resolution adopted on 9 June, saying that full compliance with EU values is a prerequisite for any EU country to get recovery funds. MEPs also called on the Council not to give its approval until Poland meets all conditions.<\/p>\n

Recovery funding goes to EU countries either as grants or as loans. Member states have made plans for almost the full amount of grants available, but have indicated they would like to use \u20ac166 billion out of the \u20ac385.8 billion available for loans.<\/p>\n

MEPs urge countries to make use of the full potential of the Recovery and Resilience Facility, including loans, to counter the effects of the pandemic and emerging challenges.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Parliament\u2019s oversight<\/h2>\n

The European Parliament is actively involved in scrutinising the implementation of the Recovery and Resilience Facility. MEPs hold debates and adopt resolutions on the topic, Parliament\u2019s budgets and economic committees have regular discussions with commissioners (four meetings were held in 2021) and there are frequent meetings at the technical level with Commission officials (20 meetings in 2021).<\/p>\n

MEPs want to make sure that the funds are used transparently and in compliance with the rules and that the Commission conducts effective monitoring and audit of the member states.<\/p>\n

Parliament\u2019s report notes that national public administrations face difficulties in absorbing all of the funding in a short space of time as all reforms and investments must be carried out by 2026. MEPs insist that local and regional authorities, social partners and civil society organisations should be involved in carrying out the national plans to ensure successful implementation and democratic accountability.<\/p>\n

MEPs will vote on the report setting out Parliament\u2019s views on the implementation of the Recovery and Resilience Facility on 23 June. The Commission is expected to present a report on the progress with recovery plans in mid-July.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source: European Parliament \u2014 News<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Countries should use the more than \u20ac700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. The EU\u2019s Recovery and Resilience Facility was set up at the height of the Covid-19 crisis to help EU countries support struggling businesses and people. While the\u00a0EU\u2019s economy rebounded in 2021 after […]<\/p>\n","protected":false},"author":101011,"featured_media":110449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4090,346,4088],"tags":[2448,6293,488,1636,1835],"class_list":{"0":"post-110447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-finance","8":"category-eu-news","9":"category-market","10":"tag-covid","11":"tag-economic-recovery","12":"tag-economy","13":"tag-finance","14":"tag-recovery-en","15":"entry"},"acf":[],"yoast_head":"\nRecovery plans: MEPs push for wise use of money, democratic oversight | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/planes-de-recuperacion-los-eurodiputados-abogan-por-un-buen-uso-del-dinero-y-una-supervision-democratica\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recovery plans: MEPs push for wise use of money, democratic oversight | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"Countries should use the more than \u20ac700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. 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