The Socialists and Democrats (S&Ds) group in the European Parliament has called on the European Commission to continue funding key projects under the Recovery and Resilience Facility (RRF) beyond its current end date in 2026. The RRF is a major EU financial program designed to help member states recover from the economic impact of the COVID-19 pandemic.
Why Extend the RRF Funding?
The S&Ds emphasize that many important projects are still ongoing and require continued support to reach completion. They argue that cutting funding prematurely could jeopardize progress made in the following crucial areas:
- Social initiatives
- Green projects
- Digital transformation efforts
These areas are essential for achieving long-term resilience within the EU.
Potential Benefits of Funding Extension
Maintaining and even extending RRF funding is expected to:
- Strengthen economic recovery across member states
- Ensure Europe meets its climate goals
- Support the EU’s ongoing digital transformation
Next Steps
The European Commission has yet to make a final decision regarding the extension of RRF funding beyond 2026. This decision will have a significant impact on the recovery plans of EU member states and their future economic stability.
Stay tuned to Questiqa Europe News for the latest updates on this critical issue.
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