Brussels, 2 October 2020 – Finance Watch, the public interest association dedicated to making finance serve society, has published a briefing paper to help legislators strengthen the proposed Recovery and Resilience Facility (RRF), which makes up the core of the EU’s EUR 750bn Next Generation EU (NGEU) plan.
“10 Principles for a Sustainable Recovery” argues that the objectives of recovery and resilience in the EU’s recovery plans are in conflict with each other and outlines how legislators can correct this.
Thierry Philipponnat, Head of Research and Advocacy of Finance Watch, said:
“Hopes for a rapid and ‘green’ recovery from covid-19 will be short lived if we just revive an unsustainable economy. The contradiction between the RRF’s recovery objective and its resilience objective can be removed if the EU is willing to anchor its economic governance and recovery instruments in sustainable and just transition, in full coherence with the Paris agreement and the EU’s o
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