This program is the largest stimulus package ever financed in Europe. A total of 2,018 billion euros helped rebuild Europe after COVID-19.
It is a budget prepared not only to overcome the adversities left by covid, but also for the uncertainties of the future.
The objective is to reduce the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable and resilient.
Europe will be better prepared for the challenges and opportunities of the green and digital transitions.
To finance NextGenerationEU, the European Commission will obtain loans on the markets at more favorable costs than many Member States and will redistribute the amounts.
The European Commission already issues bonds to finance loans to the EU and third countries under four programmes, for example up to €100 billion earmarked for the SURE program to promote employment and maintain jobs.
In short, it is a pioneering program, which provides a solution to multiple adversities that European countries are experiencing