Today, President von der Leyen received the Presidents of the European Parliament, of the Council of the EU and of the European Council, in order to take stock of progress in the discussions regarding the next Multiannual Financial Framework and NextGenerationEU, and prepare the intensive interinstitutional negotiations that lie ahead.
They analysed the economic forecasts for the coming months that point to a severe recession and noted that the crisis will have deep social impacts across the European Union. They reaffirmed their strong commitment to doing everything in their power to mitigate these social impacts and to help the European economy rebound rapidly.
On this basis, participants concurred that reaching swiftly an agreement on an ambitious European recovery package is the EU's highest priority for the coming weeks. This will require strong coordination between the EU institutions, at each stage of the process, as well as swift ratification of the key elements according to each Member States' constitutional provisions.