Tuesday, 09 Feb 2021 09:49 PM MYT
But officials have said draft reform and investment plans submitted to the Commission show a bias towards spending, rather than structural reform, and some lack original ideas to transform economies to match the EU’s ambitions to make the bloc’s economy more green and digital over the coming years. Under the plan, agreed by EU leaders last July, governments will jointly borrow and repay €750 billion for the recovery effort, on top of trillions of national fiscal stimulus.
Crucially, the scheme gives the Commission leverage to make governments treat more seriously its annual recommendations for reforms from pensions and public finances to labour markets, the judiciary, public administration and competitiveness.