Today’s agreement reached by the European Council and all EU Member States on the long-term EU budget (MFF 2021-2027) and the Next Generation EU recovery fund is a major step forward to support our economy during an unprecedented crisis and to avoid further delays when implementing the EU recovery plan across the EU as a whole.

BusinessEurope President Pierre Gattaz said: “The EU leaders’ agreement is oxygen for Europe’s economic recovery. The endorsement by the European Council of the solution proposed on the Next Generation EU recovery fund as well as the long-term EU budget is a big relief. We urge the European Parliament to now back this deal to ensure that the recovery package can be swiftly implemented across the European Union as a whole and that focus can now shift to making sure that recovery plans are well designed, and money is well spent.”