Strong legal ideas for attracting European recovery funds: Next Generation EU

Abstract

On 21 July 2020, the European Council approved the creation of the Next Generation EU program, the largest instrument of economic stimulus ever to be financed by the EU, in response to the unprecedented crisis caused by the coronavirus. In order to be eligible for the Recovery and Resilience Mechanism, Member States must present national recovery and resilience plans defining action programs aimed at enhancing the potential for growth, job creation and economic and social resilience, as well as accelerating the ecological and digital transitions. This funds are a kind of “light at the end of the tunnel” that allows us to maintain some hope for our future as a country.

Keywords:

European recovery funds, Next Generation EU funds, Recovery, Transformation and Resilience Plan, control mechanisms, transparency and integrity, preventive risk management to detect and avoid irregularities, fraud, conflicts of interest and double financing in European funds

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