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The financial stimulus plan highlights the toughness of the European Union

July 31, 2020 05:02 Source: "China Social Sciences", July 31, 2020, 1979th Author: Reporter Yan Yong

　　July 21，EU governments held a 4 -day marathon negotiation in Brussels, Belgium,，A breakthrough agreement was reached on the new fiscal stimulus plan。

　　EU Executive Agency and EU Commission will raise 750 billion euros of funds that have unprecedentedly raised through the financial market，This batch of funds will be allocated to the country and industry, which is the most affected by the epidemic in the form of gifts and loans。This EU's "the strongest in history" economic stimulus plan，It will provide a strong motivation for European economic recovery after the epidemic。Charles Michel, Chairman of the European Council, said，He believes that this agreement will be regarded as "critical moment" in Europe。The Chairman of the EU Commission Ulsula von der Leyen, Ursula von der Leyen, said，Europe as a whole，There will be a lot of opportunities to get out of the crisis and become stronger。

　　The agreement is not easy

　　EU research expert、Adriaan Schout, a senior researcher at the Dutch Institute of International Relations, said，This is extremely intense this time、The long -lasting negotiations finally reached a typical EU -style agreement。This indicates，EU has not changed，The focus of controversy is always how to achieve compromise，and the EU always seems to be able to reach a compromise。but，The process of compromise is very difficult，Therefore, there is a checks and balances of many interests。Some critics think，The fierce debate in the negotiations will definitely leave trauma between member states，But history proof，EU has an incredible talent，Can be quickly brought to these trauma，Then continue to move forward。

　　The focus of negotiation disputes is how to allocate the proportion of donations and loans in related funds，How to monitor the goal of funds。other，Do you also involve the use of funds in line with the value concept of value advocated by the European Union。In the above questions，There are huge differences in all parties，Make this bet365 best casino games talks one of the longest summits in the history of the European Union。Final，Each country agrees to recovery funds with a total amount of 750 billion euros，Release 390 billion euros in the form of gift funds。This reduces a lot of reduction in the 500 billion euros gift plan proposed by Germany and France in May，This move is also a compromise with EU high -income countries。Another，The EU also agreed to issue net debt issuance in 2026，and repay all new debts by 2058。At the same time，Member states must also formulate an overview plan on how to use these funds。These funding plans for reform and economic recovery must be approved by the European Union，After obtaining most member states, pass the。and previous，The Netherlands has adhered to these plans that must be agreed with all member states to pass。other，The European Council also emphasizes "the importance of respecting the law of the rule of law"，and said that it will establish a additional condition system，Prevent member states from obtaining subsidies from the fund without compliance with relevant principles。

　　EU also disclosed，Except Bet365 lotto review for the recovery fund passed this time，The next budget will reach 1074 trillion euros，Provide funds for projects used for 2021-2027。These two plans will bring a total of 1.824 trillion euros investment。The EU Commission commitment promises，30%of the total expenditure from the recovery fund and the next EU budget is used to solve climate problems。EU already said，I hope to reach the goal of climate -friendly in 2050。

　　Confidence is more important than funds

　　The recovery fund passed this time will enter the available state from January 2021，No new bridge financing will be available before that。other，The European Central Bank is buying government bonds，as part of its total 1.35 trillion euros of emergency purchase plan。

　　Stimulating economic recovery requires a lot of funds as guarantee，Therefore, the EU governments will have to find new fiscal resources to repay some additional debts，Among them, new taxes are levied。Determined this summit，EU will levy non -recycled plastic waste tax on January 1, 2021，Carbon boundary adjustment mechanism is implemented before January 1, 2023，Alged in digital tax。

　　This latest agreement creates a precedent for common debt borrowings at the EU level，Many countries including Germany have always opposed this approach，But under the current situation，This opposition position softened。Bellen Beagbeg Bank analyst in Germany talked about in a recent report，Through hard work to promote the largest multinational collective action ever in history，EU issued a strong signal to realize internal unity。In the short term，The impact of confidence may be more important than the money itself。

　　European cooperation prospects optimistic

　　EU is often criticized for lack of unified fiscal policy。Recently, some countries have risen anti -European emotions，It has caused people to worry about the possible disintegration of the European Union。With the passage of this stimulus plan，This kind of worry is expected to be relieved，The prospects of European Union seem to be more optimistic than people think。

　　The Bareer Bank report mentioned，Although the European Union and the euro zone did not move towards the financial alliance，But at the critical moment，They are taking an important step towards bet365 best casino games strengthening fiscal coordination。This agreement created a precedent，It is expected that more common financial response measures will play a greater role in the future crisis。

　　Goldman Sachs Group Analysts think，They are encouraged to reach an agreement earlier than expected by EU leaders。So，They think the agreement is popular。This also supports their point of view，That is, the euro area is in a favorable position，It is expected to recover from the impact of the epidemic。

Editor in charge: Changchang