REACT-EU: EU support to mitigate immediate effects of the COVID-19 crisis

Credit: Unsplash

This article is brought to you in association with the European Parliament.


The Regional Development Committee beefed up the deployment of exceptional additional EU resources and measures, known as REACT-EU, for fostering crisis repair.

The report was adopted on Monday with 37 votes in favour, none against and 4 abstentions. The REACT-EU instrument proposed by the Commission before the summer mobilises additional investment and offers great flexibility for Member States to address the immediate effects of the crisis.

Focus on quality projects and reaching most affected regions and people

To encourage national authorities to finance good quality projects, MEPs voted to allow EU countries use the additional resources also in 2023 and 2024, beyond the Commission 2022 deadline. MEPs insist on ensuring that the resources reach the most affected regions and people and want investments to focus on: health and social infrastructure, health systems and services for all, including cross-border areas, outermost regions, areas affected by industrial transition and depopulation, tourism and culture sectors, youth employment, disadvantaged groups.

Allocation of financial resources

MEPs underline the need to maintain the level of REACT-EU financial resources tabled by the Commission, i.e. EUR 55 billion, despite the European Council proposed budget cuts. MEPs also agreed that expenditure for operations covered should be eligible as of 1 February 2020.

Ensuring respect of cohesion policy and democratic principles

As REACT-EU provides considerable new funding whilst reducing administrative burdens as well as controls on spending, MEPs stress that the various derogations must remain temporary. Parliament requests the Commission to provide an evaluation of the exceptional measures’ impact and efficiency. Moreover, MEPs reintroduced the eight-week period for national parliaments consultation.

Quotes

Co-rapporteur Constanze Krehl (S&D, DE) said: “It is important to support regions and people who have been hit hardest by the crisis. Funding from REACT-EU should also go to cross-border projects, to the most deprived people and to the youth. Therefore, we introduce minimum shares for the support of Interreg, the European Social Fund (ESF), the Fund for European Aid to the Most Deprived (FEAD), as well as to the Youth Employment Initiative. No region and no people should be left behind.”

Co-rapporteur Andrey Novakov (EPP, BG) said: “The role of the EP is to turn REact-EU into PROact-EU. We want to allow the funds to cover COVID-19 expenses since 1 February 2020. This will ease the burden on central and regional budgets to support sectors like SMEs, healthcare, tourism and the creative industry. We ask that the Commission greenlights investment in 10 days – the shortest in the history of Cohesion policy. The most important lesson after COVID-19: It is time for policies, not for politics.”

Next steps

Parliament plenary is expected to give the mandate for inter-institutional negotiations during its September sitting. MEPs wish a timely adoption of the measures, to allow Member States to use the additional funds as soon as possible.

Background

REACT-EU is a proposal made by the Commission to address the economic fallout of the COVID-19 pandemic, in the form of an amendment to the Common Provisions Regulation governing the current cohesion policy programming period. It follows two earlier proposals relating to cohesion policy, the Coronavirus Response Investment Initiative (CRII) and the Coronavirus Response Initiative Plus (CRII+), which both modified the rules for regional spending in order to facilitate recovery.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

State aid: Commission approves market conform asset protection scheme for banks in Greece

The world wide web is 30 years old. What better time to fight for its future?

Fake news: What it is, and how to spot it

False promises to Small and Medium Enterprises

4 eco-friendly products put sustainable spins on classic practices, from teacups to hankies

Killing of Egyptian peacekeeper in Mali ‘may constitute war crimes’ Guterres warns, urging ‘swift action’

Do we judge robots on their colour? This study says we do

The Chinese film boom luring Hollywood’s stars

Election-related violence claims 85 lives in Afghanistan: UN report

70 years on, landmark UN human rights document as important as ever

Human Rights Council election: 5 things you need to know about it

Traffic congestion cost the US economy nearly $87 billion in 2018

Silk Road Unlimited

On World Health Day, new report says the world needs 6 million more nurses

What’s needed now to fight COVID-19 – Updates from today’s WHO briefing

Eurozone’s central bank leadership prepares for shoddier prospects

Civil society can make sure no one is left stranded by the skills gap

A vision for post-pandemic mobility in African cities

UN sounds alarm as Venezuelan refugees and migrants passes three million mark

Safe spaces offer security and dignity for youth, and help make the world ‘better for all’: Guterres

Federalist EU ‘naively’ believes Washington shares her TTIP high fever

The UK’s River Thames has come back to life – with a seal population to prove it

Climate change: Will COP23 be able to accelerate the implementation of the Paris agreement?

Barcelona’s ‘superblocks’ could save lives and cut pollution, says report

Inequality threatening human development, new global UN report warns

Barriers to trade: as protectionism rises, EU continues opening up export markets for European firms

Why are so few women buying into Bitcoin?

Four things the UN chief wants world leaders to know, at key COP24 climate conference opening

‘More time’ agreed for buffer zone, to spare three million Syrian civilians in Idlib

Human trafficking, slavery reports and health of migrants in Libya

South-South Cooperation ‘accelerates’ us toward 2030 goals, UN Chief says on International Day

Phone lines open between Ethiopia and Eritrea, and people are calling strangers

Yellow vests, rising violence – what’s happening in France?

It’s time for global businesses to accept local responsibility

Tuesday’s Daily Brief: hate speech, dementia, Libya and Yemen, human rights in Brazil and Lebanon

Here are 3 alternative visions for the future of work

Germany is turning its old mines into tourist hotspots

On Google antitrust case: “Let’s face it, some companies want to hurt Google and it goes as simple as that”

Draghi proposes timeframe for full Banking Union in five years

Medschool 4.0: how to succeed in the smart revolution of healthcare

“InvestEU”: MEPs support new programme to boost financing for jobs and growth

EU Commission retracts on the Chinese solar panel case

UN film festival encourages young people to promote peace, dialogue and empathy

How can entrepreneurship tackle the migration crisis in the EU?

Available mental health services: is it only about professionals or institutions?

UNICEF urges governments to repatriate thousands of foreign children stranded in northeast Syria

The EU Parliament sidesteps the real issues about banks, while the US target the Eurozone lenders

3 ways blockchain can accelerate sustainable development

Brexit: Britain and the Continent fighting the battle of Waterloo again

Tuesday’s Daily Brief: funding for Palestine refugees, families today, tech surveillance

India’s agro-food sector has made strong progress, but a new policy approach is needed to meet future challenges, says new report by OECD and ICRIER

How young people are turning the tide against corruption

Stop wars disguised as peace missions

Consultant in Forensic Technology – 1969

Mental health and suicide: when the alarm bells are faced with deaf ears

This is how companies are working together to create a world without waste

Top officials say UN will support Bahamas’ rescue, relief efforts as Hurricane Dorian churns in Atlantic

Sassoli: Meals for homeless and key workers a “good example of Parliament’s public spirit”

UN chief hopeful for Libya, after Quartet meeting in Tunis

Wolfgang Schäuble: “Without European unification, there would be no German unity”

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s