Open letter: Next Generation 2.0 fund to finance a more resilient, prosperous, sustainable and inclusive Europe

Financing the transition

During the upcoming Commissioner-designate hearings, CSOs are urging MEPs to advocate for the creation of a Next Generation 2.0 fund to drive Europe’s transformation in response to ongoing polycrises and geopolitical challenges.

The Recovery and Resilience Facility (RRF) has already helped Europe recover from recent economic shocks, significantly increasing funding for a just transition to climate neutrality. A follow-up instrument would enable the EU to proactively continue along this path.

Eurobarometer polls consistently show that these issues resonate strongly with people across Europe. In 2024, 88% of European citizens said that a social Europe is personally important to them, while in 2023, over three-quarters (77%) considered climate change a very serious issue. Furthermore, public support for the RRF remains high, with 75% of citizens backing the initiative.

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Letter

Open letter: Support public investments for a stronger, more resilient and sustainable economy

We are deeply concerned about the return of overly restrictive fiscal policy. The final compromise on the reform of the EU economic governance due to be voted on by the European Parliament and the Council is multiplying unsubstantiated and arbitrary numerical benchmarks, which will trigger a wave of cuts to public budgets across Europe. Several countries, such as Germany, France and Denmark, have already cut or are planning to cut green investment and social spending for 2024 and 2025.

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