President of the European Commission, Ursula von der Leyen presenting the recovery plan in Parliament. Kenzo Tribouillard/Agence France-Presse
Ursula Von der Leyen
On 27th May 2020, the European Commission announced its COVID-19 recovery plan for Europe ensuring a sustainable, fair and inclusive transition to a new normal post-COVID. From a mobilised investment of €750 billion amongst all member states, Malta stands to benefit from a €1 billion recovery package in direct grants and EU Funds loans at government’s disposal to combat the financial burden and growth trajectory COVID-19 has imposed and distorted on Malta’s economy.
While member states have been at odds with the tools and mechanisms identified to mobilise this investment, it remains fundamental to safeguarding our workforce and protecting our industries. All the while, establishing a fair and truly inclusive exit strategy that leaves no one behind but rather encourages the agglomerate cooperation and unity of all member states.