Ursula von der Leyen has outlined her plans for a “rapid” economic recovery from the coronavirus pandemic after admitting the trading bloc was “badly hit” by the crisis. The European Commission President added that the NextGeneration recovery plan will power the EU’s single market.
Ms von der Leyen said: “Vaccination is gathering speed across Europe, it is now essential that our economy, which was badly hit by the pandemic, also recovers rapidly.
“We have just entered a crucial phase for our recovery and for the future of our union.
“We have €750 billion from our NextGeneration EU recovery plan which we need to invest rapidly.
“This will boost our social market economy and power our unique single market.”