We call on EU Finance Ministers: Europe must seize this chance to build a bridge to a new economy that is sustainable, resilient, and guarantees better living standards for everyone!
In order to rise to the challenge of the unparalleled economic crisis after the Covid-19 pandemic, the European Union launched the 750 billion euros recovery fund “Next Generation EU”. The majority of this fund – 627.5 billion euros – will be allocated by the newly created Recovery and Resilience Facility (RRF).
In order to be able to access the fund, Member States are currently drawing up national recovery plans, in which they have to detail the intended use of the facility. However, there are already indications that the majority of funds to ease the recovery, is not being invested in sustainable projects. If Member States waste their public stimulus programmes on dubious projects, they obstruct the overdue change and promote the further advance of climate change and social division.
Together with 15 other organisations, we call on EU Finance Ministers:
- End the support for unsustainable activities that cannot be made sustainable, such as fossil fuels
- Support people and workers whatever it takes: guarantee living standards for all, and ensure a just transition
- Invest in the green transition and lay the foundations for an economy based on a resilient production and consumption system
- Avoid a return to austerity policy, which in particular in the 2008 financial crisis, resulted in many EU Member States suffering from austerity measures
- Reform the EU Fiscal Framework to provide public households with scope for important investments
The more people support these demands, the louder the call to EU Finance Ministers to rethink the recovery following the Covid-19 crisis. Everyone can sign the petition on rethinktherecovery.org, thereby lending even more weight to the five demands to follow the path of a more socially and environmentally just Europe!