EU moves to strengthen Coronavirus coordination
(BRUSSELS) - EU health and interior ministers are to consult daily on COVID-19, EU leaders decided at a video conference on Wednesday, ensuring proper coordination and aiming for common European guidance.
During the video conference of EU leaders, information and practices were exchanged and 4 priorities identified.
1) Limiting the spread of the virus. Member states agreed that our citizens' health is the first priority, and that measures should be based on science and medical advice. Measures need to be proportional so that they do not have excessive consequences for our societies as a whole. The leaders further agreed that on this point they will share all relevant information through existing coordination mechanisms.
2) Provision of medical equipment. Agreement to task the Commission with analysing the needs and to come up with initiatives to prevent shortages. The Commission informed that it will continue its engagement with the industry and pursue joint public procurements. Moreover, the Commission intends to purchase personal protective equipment through the Civil Protection Framework - RescEU. It must be ensured that the Internal market functions properly and any unjustified obstacles are avoided. Particular attention must be given to masks and respirators.
3) Promotion research, including for a vaccine. The Member states stressed the importance of reinforcing efforts on research. The Commission has already mobilised EUR 140 million of funds and selected 17 projects to do this.
4) Tackling socio-economic consequences. The Union and its member states, we stand ready to make use of all instruments that are necessary. In particular we will address any impact on liquidity, on support for SME's and specific affected sectors, and their employees. Flexible application of EU rules in particular as regard State aid and Stability and Growth Pact will be needed.
The Commission will closely monitor economic developments in the Union and take all necessary initiatives. Members states and institutions will follow up closely and immediately.
Member states and institutions will follow-up at all levels immediately. The European Council will come back to the matter during the 26-27 March summit to take any further decisions needed.
On the economic front, the Commission will set up a Corona Response Investment Initiative aiming to channel €25 billion worth of investment to directly support the national health care systems, SMEs, labour markets and other vulnerable parts of the EU economy. It will use €7.5 billion of unspent structural funds and the release of some €17.5-€18 billion of further structural funding.