2/22, 5:12 PM (Source: TeleTrader)
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Von der Leyen urges EU to ratify recovery deal

European Commission President Ursula von der Leyen urged on Monday the European Union to ratify the Own Sources Decision and therefore approve the funding of the NextGenerationEU, the package aimed at combating the crisis caused by the coronavirus pandemic.

"All European countries should have the resources to lift their people out of this crisis," von der Leyen stated. "Seven European countries [...] have already ratified the Own Resources Decision. And I encourage all of you to do the same, as a matter of urgency. Because only with a ratified Own Resources Decision can we put fuel in the recovery."

Earlier this month, von der Leyen remarked the EU members should receive aid from the NextGenerationEU by the middle of 2021.

Breaking the News / JR