European Council
The President
Brussels, 16 June 2020
Dear colleagues,
I am looking forward to our videoconference on Friday 19 June 2020.
The central theme of the meeting will be the Multiannual Financial Framework and the Recovery
Plan. It will be the first time we discuss the package since its publication on 28 May. A lot of work
has been done in the Council to help prepare the ground and to allow all delegations to get a clear
understanding of the various parts of the proposal. It is now time for the members of the European
Council to discuss the package in depth.
I think we are all aware of the complexity of the proposals and the time needed to deal with them.
Our meeting on Friday should be a crucial stepping stone towards an agreement at a subsequent
physical meeting.
I would like us to confirm our understanding on a number of points where I feel a consensus is
emerging:
the EU needs an exceptional response to this unprecedented crisis, commensurate with the
magnitude of the challenge;
the response should be financed through Commission borrowing on the financial markets
and, to allow for that, we need to increase the own resources ceiling;
our effort should be targeted towards the most affected sectors and geographical parts of
Europe;
the next MFF should be adjusted to take account of the crisis and should be considered
together with the Recovery Plan;
the overall package should not just deal with the immediate crisis, but also presents an
opportunity to transform and reform our economies and help them embrace a green and
digital future.
At the same time, we need to have a constructive and in-depth debate on the elements that require
further clarification or where views still need to converge, such as:
the size and duration of the various elements of the Recovery Plan;
the best way to allocate the assistance and the issue of loans and grants;
questions relating to conditionality and governance;
the size and content of the MFF and its financing, including own resources and rebates.
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