European Commission Report - Economy: Recovery plan for Europe - the largest ever

The EU’s long-term budget, coupled with the NextGenerationEU initiative, which is a temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe.

The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. It is a budget fit not only for today's realities but also for tomorrow's uncertainties.

On 10 November 2020, an agreement was reached between the European Parliament and EU countries in the Council on the next long-term EU budget and NextGenerationEU. This agreement will reinforce specific programmes under the long-term budget for 2021-2027 by a total of €15 billion.

Read more at: Recovery plan for Europe | European Commission

British PM May considers plan to delay Brexit by two months

British Prime Minister Theresa May is considering a plan under which Britain's exit from the European Union would be delayed for up to two months, the Telegraph reported on Sunday.

The British  government officials have drawn up a series of options, which were circulated at the weekend, in a bid to avoid resignations by ministers determined to support a backbench bid to take a "no deal" Brexit off the table this week, according to the Telegraph.

Those options include making a formal request to Brussels to delay Brexit if May cannot secure a deal by March 12, the newspaper reported, without citing sources.

Read more at: UK PM May considers plan to delay Brexit by two months: The Telegraph