EU Parliament votes financial assistance for countries affected by COVID-19

Euractiv | Mar 27, 2020 at 6:50 AM
  • Following an urgent procedure, the European Parliament on Thursday (26 March) almost unanimously backed two packages of financial support for countries affected by the coronavirus outbreak.
  • The measures were adopted via urgent procedure two weeks after the European Commission put them forward and almost by unanimity.
  • The so-called ‘Coronavirus Response Investment Initiative’ will mobilise funds within the existing EU budget to promote investments in the sectors affected by the crisis in the short and long term.