They discussed the future of the EU’s economic governance framework and gave their initial views on the way forward.... It is necessary to continue discussions and try and find common ground.
They also discussed the current situation regarding the financing of Next Generation EU,
a temporary recovery package to help boost EU economies in the wake of
COVID-19, and the implementation of the Recovery and Resilience
Facility, the centrepiece of Next Generation EU which supports reforms
and investments in EU member states through loans and grants.
Ministers approved conclusions on the future of the European Semester
in relation to the Recovery and Resilience Facility. The conclusions
call for the return of the essential elements of the European Semester
in the 2022 cycle, in particular country reports and country-specific
recommendations.
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