The Socialists and Democrats (S&Ds) group in the European Parliament has urged the European Commission to extend funding for ongoing projects under the Recovery and Resilience Facility (RRF) beyond the current 2026 deadline. The RRF is a pivotal EU initiative aimed at helping member states recover from the economic and social effects of recent crises.
Importance of Continued Funding
The S&Ds underline the need to maintain financial support for projects that have already begun but are not yet finished. According to the group, continued funding is essential to:
- Ensure the successful completion of ongoing projects
- Support economic recovery and growth
- Promote sustainability initiatives across Europe
- Advance the EU’s goals for a stronger, greener, and more digital future
Concerns Over Premature Funding Cuts
The group warns that cutting funding before projects reach maturity could:
- Hinder overall progress on reforms
- Slow down vital economic and social initiatives
- Undermine the effectiveness of the RRF’s objectives
Future Implications
This discussion is part of the broader debate on the EU’s long-term budget and recovery strategies. The S&Ds emphasize the priority of growth and resilience within these plans and call on the Commission to secure the necessary resources to support these ongoing initiatives well beyond 2026.
Stay tuned to Questiqa Europe News for the latest updates on this evolving story.
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