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On May 27, 2020, the European Commission put forward a proposal for the creation of a comprehensive recovery plan aimed at repairing the immediate economic and social damages caused by the Coronavirus Disease 2019 (COVID-19) pandemic and kickstarting the EU economy. The proposed plan, limited in duration and use, has its legal basis in Article 122 of the Treaty on the Functioning of the European Union (TFEU), which allows the Council of the EU, upon a proposal from the Commission, to grant financial assistance to Member States threatened with severe difficulties caused by exceptional occurrences beyond their control that call for a collective EU response in a spirit of solidarity.

Read the full GT Alert, “Next Generation EU: The Commission’s Proposal for the European Recovery.”