EU recovery fund should reach 1.5 trillion euros, Gentiloni believes

EU recovery fund should reach 1.5 trillion euros, Gentiloni believes

The European Union’s proposed coronavirus recovery fund to help repair the massive economic damage caused should total around €1.5 trillion, EU Economic Affairs Commissioner Paolo Gentiloni said Wednesday (29 April). “We need a fund worth about 10% of our GDP, that is about 1.5 trillion euros,” Gentiloni told Les Echos daily in an interview. EU leaders agreed last week that the European Commission should draw up plans for a fund to pay for reconstruction after the coronavirus crisis is over on top of the EU’s multi-year 2021-2027 budget. The accord…

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Fair increase in tax collection: how poor countries can deal with the coronavirus crisis

Fair increase in tax collection: how poor countries can deal with the coronavirus crisis

Governments need billions, if not trillions, of euros to tackle the impact of the coronavirus crisis. Many poor countries lack that money, and they need support in collecting more tax, and do so fairly, write Chiara Putaturo and Lis Cunha. Chiara Putaturo is EU Inequality and Tax Policy Advisor at Oxfam; Lis Cunha is EU policy officer at ActionAid International The coronavirus crisis is affecting us all, and it preys most on the vulnerable – on people in poverty, at home and around our world. Beyond the immediate health impact,…

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