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Members of the European Parliament will confirm today the first measure of the Next Generation EU recovery plan that provides extra financial capacity to support European recovery after the Covid-19 crisis. React-EU will, therefore, have no less than â¬47.5 billion in additional resources. The Socialists and Democrats have been at the forefront of negotiations, ensuring that React-EU will be able to provide additional funding for the most important sectors in order to contribute to green, digital and resilience crisis-repair measures.
Constanze Krehl MEP, S&D spokeswoman on regional development and the European Parliamentâs co-rapporteur on the file, said:
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