Commission to revise its price range proposal amid Coronavirus emergency

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In a press release launched on Saturday, Ursula von der Leyen introduced that the EU Commission will revise its proposal for the EU27 bloc’s long-term price range, to take care of the Covid-19 emergency.

“To ensure recovery, the Commission will propose changes in the MFF (Multiannual Financial Framework) proposal that will allow to address the fallout of the coronavirus crisis,” von der Leyen mentioned. She additionally added {that a} stimulus bundle can be included within the renewed proposal “to ensure cohesion within the Union.”

As a number of member states have been asking for short-term eurobonds for COVID-19, specifically “Corona bonds”, von der Leyen didn’t specify whether or not or not this state of affairs is on the desk.

“At this juncture, the President is not excluding any options within the limits of the treaty,” the assertion reads.

Divisions have been already deep amongst member-states on the Union’s Multiannual Financial Framework for 2021-2027, as EU leaders disagreed each on the share of nationwide contribution and on the priorities of their long-term price range, throughout February’s emergency summit.