 And we move now to our debate on resilience and recovery. A very important moment for our plenary today. I would like to thank Paolo Gentiloni, the commissioner on the economy, for being here with us today. Dear commissioner, it is my pleasure to welcome you at our committee's plenary session. We strongly appreciate your relentless efforts for EU's recovery. You can count on our committee and on the local and regional authorities that we represent to support your call of a swift adoption of the EU budget and the next generation EU. You can also count on us to turn the EU plans into concrete projects and results for Europe, for its citizens. Regions, cities, villages all across Europe are united in their efforts to cope with the emergency and prepare the recovery. A regional and local barometer that I presented yesterday with the presence of President von der Leyen shows that thousands of mayors, governors and regional presidents are striving every day to guarantee healthcare services, keep their communities safe, provide the weakest and support local businesses and local economies. We are developing cross-border health services as between Poland and Belarus. We design innovative medical and social services for the elderly, as in Spanish and French regions. We set up expert teams to help employees adapt their business as in the Dutch city of Zwolle. The EU's effort to launch a recovery and resilience facility can only succeed if we build on their experience, knowledge and leadership. Regions, cities, towns are in charge for more than a half of public investment in Europe today. If they stop, Europe stops. The pandemic seizes effect with increased costs for public services and falling revenues from taxes and fees is a ticking bomb for all of our local finance. For instance, cancelling the Semana Santa in Sevilla led to a 400 million euro loss for the local economy, with devastating effects on the city fiscal income. Foreign tourist cancellations costed the Florence municipality 200 million euros in missing tax income, not to mention Italy and Greece, who have suffered from these tourist cancellations. According to a joint COROECD recent poll, the vast majority of Europe's regional and local authorities expect a significant decrease in the revenues also in 2021 and 2022. In Germany, France and Italy alone, subnational governments and their losses are estimated at over 30 billion euros for 2020. So without a strong EU action, broad territorial differences and diversified support capacities by national governments will exacerbate the existing regional disparities. Our regions, cities, villages need extraordinary financial support now. Let me reassure those who plead for a centralized approach because it seems to be faster and less complex. No one wants to slow down implementation. But our point is that there is no impact without partnership. Multilevel governance is not the problem. On the contrary, it is the most effective solution. President von der Leyen yesterday informed us that the commission has sent this message loud and clear to member states, asking them to fully involve regions and cities in the recovery. This is really crucial, Commissioner. As we must learn from the past, the European semester, the stark phase on the Juncker Plan and to some extent also the structural funds have all suffered the consequences of a top-down governance. We need to join forces today and avoid that top-down policymaking which undermines the facilities' impact. I suggest that we shape together the code of contact to involve regions and cities and improve cooperation among all levels of government, European, national, regional and local. This will help coordinate the unprecedented set of investment tools that will soon be available. Also thanks to your personal valuable work, Commissioner. On the other hand, we must also avoid a competition between different funding tools. We should also work together to better communicate the opportunities stemming from the upcoming EU funds, engaging together with citizens and local actors. So my proposal to you is to jointly organize Recovery and Resilience Regional Forum. This would help us monitor the impact of EU decision on the territory, share experiences of the implementation phase and of course provide knowledge to reassess all the investment plans. Finally, we wish to cooperate to design new, smarter debt and deficit rules at national and EU level in order, Commissioner, to ensure public services and investment keep full priority. So, dear Commissioner Centiloni, thank you again for joining us today. We look forward in a very, very, very interesting discussion and debate and the floor is yours. Commissioner Centiloni, the floor is yours. Well, thank you very much, President. I hope you can hear me. Yes, we can. Okay. Glad to participate to this plenary in such difficult time as you just reminded and I've read in your draft opinion local and regional authorities are responsible for more than half of public investment in the EU and for sure now in this extraordinary situation, local authorities are at the forefront and we pay tribute to your commitment, to the example that you are giving to your citizens and to face the health care situation but also the economic consequences of this crisis. So, it is clear that this expertise is absolutely crucial for the recovery strategy and that local and regional authorities will no doubt be partners in making sure that this recovery strategy is a success. The pandemic has triggered not one but three crisis, a public health crisis, an economic crisis and a social one. No country has been spared and of course we are not talking about numbers in a report. We are not talking about a distant tragedy. It has impact the whole world and every individual. It has hurt countries, region, cities and even the most isolated villages. By now, as you know, nearly 4 million people have been diagnosed with COVID in Europe of those 200,000 have lost their lives. The pandemic has also caused immense human suffering through its economic implications and as commissioner for economy my task is in particular to look at this economic impact. As you are well aware, COVID has caused a recession of historic proportions. In 2009, the financial crisis contracted the European economy by 4.5%. The latest Eurostat figures show how much worse COVID has already been for Europe. GDP has shrunk by 14% in the second quarter, the biggest drop since the war and at the end of the year our forecast is that the contraction will be around 8% so more or less the double than the one in 2009. Recovery is underway but it has probably been losing momentum since the end of August in the last couple of months and it is rather uneven both among different member states of the Union and among different sectors of the economy. On the same period, employment decreased by 2.9%. So millions of Europeans have lost their jobs but we know that these figures are not showing how deep the employment crisis is because if we look to the drop in hours worked it is much bigger than this and of course the increase of unemployment has been faced by several measures taken by the Union, by member states, by regions and local authorities and these measures will be complemented from next months with the sure mechanism that is ready to go. So very deep crisis, the response to this crisis has been our absolute priority. Already in March, as you know, we took important decision the temporary state aid framework which allowed member states to put on the table trillions of public guarantees for extraordinary state aid and the activation of the so-called UNescape close of the stability and growth pact that made possible the necessary response from member states and the response came we spent on average 4.5% of GDP this year in discretionary extraordinary measures and 25% of GDP on average on public guarantees to support companies and the economy and after temporary scheme for state aid and general escape close we decided as I just said this sure mechanism 100 billion euros in supporting our short work schemes in all member states and this may we propose the most powerful instrument that is indeed a new chapter in our common history the next generation EU which empowers the commission to borrow up to 750 billion in the markets and these funds will be raised and at a large degree will be repaid through new own resources you know what the health of the next generation EU is the recovery and the resilience facility which is more or less 90% of next generation EU in grants and loans this funding has one important condition member states have to propose ambitious recovery and resilience plans these plans will not be written in Brussels but the commission is not a financial intermediary so we will not limit our role to borrow in the markets and transfer this money to national governments we will make sure that national plans are coherent with our common framework which is not to go back to the previous situation but to make our economies more sustainable more resilient and more competitive so the commission will closely assess these national plans they need to respond to the country specific recommendation that we delivered in 2019 and 2020 and they need to contribute to the green and digital transition the political commitment by the leader as you know included strict targets at this end at least 37% to contribute to climate goals and 20% to make Europe digital and I'm very happy that the committee of regions have proposed a very similar target 40% for the green commitment member states will have to commit to specific milestones and targets which have to be achieved before funds flow as you will be aware last week the council finalized its negotiating mandate by early November we hope that the European parliament too will have the mandate in hand I very much hope that we will have an agreement on the RRF by the end of the year many of your suggestions have also influenced the public debate and found their way into the current text I was glad to read that your draft opinion is very supportive of the RRF I understand however that you do have a number of father worries and in particular let me address a couple of these your draft opinion forces to reduce the role of the European semester in the process well you know that the semester was established as a response to the financial crisis when the EU clearly lacked a common understanding of the situation and the coordinated approach was surely missing and indeed we need this coordination in a situation where the large majority of member states share the same currency but not the same budgetary policy this is the reason why coordination is essential the semester is certainly far from perfect on the contrary as always in European integration we need to constantly update our tools adapting them to the new global reality and I think that the response to the COVID crisis was helped us in also in updating the semester and our fiscal rules but already now the fact that you have integrated the social pillar and started integrated the UN SDG goals into the semester demonstrate exactly the necessary effort to renew our tools making them always more forward-looking I know you also call for a closer engagement of local and regional authorities and I fully agree with you recovery and the resilience plan can only be a success if national governments works closely with all the relevant authorities across the country we have therefore strongly insistence that member states ensure a thorough involvement of their parliaments and all stakeholders including of course local and regional authorities this is clearly written in our guidance and we will insist in the coming months during the dialogue with national governments each member states has its own legal framework and tradition to consider but we do ask member states to report in their plans how they consulted and involved local communities and authorities and to foresee an inclusive implementation we trust that all governments will ensure this inclusive approach and we will work together with you to make this possible thank you very much and I'm ready to hear your comments and answer your question thank you thank you very much Prime Minister I will now give the floor to our colleagues here in the committee of the regions those of you who are in person here and those of you who are connected online and I will start with Michael Murphy Michael you have the floor Dear Commissioner, Dear President Zizekasas, Dear Colleagues I'm very pleased to take the floor in this very important debate on behalf of the EPP Group I speak to you from my office here in Tipperary in the south east of Ireland the socio-economic fallout of the Covid-19 pandemic a pandemic that has seen local and regional authorities extremely exposed to onerous expenses and unforeseen investment costs has already been elaborated by both President Zizekasas and you Commissioner Gentiloni who might thank for your valued presence we all know that the next generation EU is a major recovery package its scale speaks for itself but for a successful recovery and so successful next generation EU programs plans need to be carefully designed financial resources in themselves are not enough without a multi-level and partnership approach grounded in cohesion, EU added value and innovation these cannot remain mere buzzwords Commissioner social resilience in layman's terms about well-being and decent working and level conditions Europe needs to act and be seen to act to act locally and to act swiftly we need to think local and regional be it a Swedish company working on water recycling technology for water and energy savings a Polish milk powder factory or an Irish medical logistics company EU's firepower true for example invest EU must couple with SMEs innovation and their drive to a long-term green and digital transition and to keep a competitive edge Commissioner if we take recovery and resilience facility we are concerned by how light the language is concerning the involvement of local and regional authorities in shaping and assessing the recovery and resilience plans the lack of a bottom-up approach in shaping the plans and setting targets and timelines from the get-go needs to be closely looked at local and regional authorities are closest to the citizen and a day-to-day demonstration of active society local and regional authorities are in the main excellent budget balancers operating within different kinds of legally binding fiscal constraints for the EPP group solidarity and responsibility go hand-in-hand looking at the changes to economic governance brought about by the pandemic but we need to keep a sustainable reform agenda that takes into account sound public finances tuned to a new post-COVID-19 economic reality that integrates the deep green digital and innovation transitions this I'm sure you'll agree is a real challenge we want to see projects of EU added value and we welcome the idea of flagship areas and local and regional authorities must play their part in defining them to power up, to connect, to modernize to scale up and to upscale and re-scale in conclusion Commissioner the pandemic threatens to undo years of positive results of EU funding and make poor regions poorer and rich regions richer as President Zizi Kostas has made clear in his intervention there can be no impact without partnership Dear colleagues, President, Commissioner I thank you for your attention look forward to your replies and indeed the rest of the exchanges Thank you very much Thank you Michael Ms. Pokorna has the floor now please Germanova Pokorna please Hello, do you hear me? Hello? Go ahead, yes Thank you Thank you Thank you Thank you Thank you Thank you Thank you very much Thank you very much Germanova I will give the floor to Mr. Di Rupo There was a mixed up here with the system you should have taken the floor earlier Mr. Di Rupo Yes Thank you Mr. President Thank you Mr. Commissioner for your presence The Commission has taken the right decision by actioning the regulatory clause of the Pact of Stability of Growth and the question that each territory, each region, each member is asking is to know how long this regulatory clause will last Virologues and other epidemiologists estimate that we will not be able to get rid of COVID-19 before the next summer And Mr. Commissioner I give you the honor of the debate if it is contradictory to medical experts as to the real capacity that the vaccines will have to generate antibodies blocking the virus In terms of economic and budgetary it means that the budget of local entities regions and state members will be catastrophic in the next several years that these budgets will not be as stable as possible in 2022 and more likely in 2023 The regulatory clause will have to be maintained until the moment when the virus will be completely eliminated The regulatory clause will have to be maintained for as long as public finances are no longer dramatically impacted because of the epidemic Beyond the human rights of the regulatory clause it is necessary to prepare already now a reform in depth of the European Economic Governance I know that we will work It will not be possible to return to the status quo once the effective vaccines will be available We will need a more important ambition that we just want to repair Resilience for future crises must be anticipated So we need a deep reform of the European Economic Governance which includes a reflection on the indicators especially those related to sustainable development And we will also take a much more inclusive approach for the European semester The European semester which will continue could perfectly change its name to become a new strategy of economic coordination A strategy that would imply the European Parliament and the territorial collectivity It also gives us a reform of the accountability of public investments The huge drought pushes to absurd mechanisms The only commissioner You know it The return to budgetary balance in many countries, regions local authorities will take many years Some say at least two decades And you also know that a return to austerity will replenish the general economy in huge difficulties We will still need a lot of money to ensure the public investments necessary to enhance the economic activities A lot of money to recreate jobs to reduce poverty A lot of money to ensure the ecological transition and transition in the key sectors of health, food, and digital transport So my political group will allow you to prove a brand new approach of public finances The European Union and you mentioned them will be very useful What you need to avoid Mr. President and Mr. Commissioner is that the Commission does not read the liquidation of financial aid to the US to structural reforms of the sacred European semester I finish The reward you know Mr. Commissioner My group will transform the enormous opportunities opportunities to rebuild a more human society and more conscious of its environment This approach that we invite the Commission knowing your sensitivity Mr. Commissioner I do not doubt that you understand me and that you will act in this way and I thank you infinitely Thank you very much Prime Minister I give the floor now to Mr. Marco Marcilio Good morning Mr. Commissioner Good morning President Thank you for the floor I intervene in the name of the ECR group Reformist Conservatives I have listened to its intervention even if I would like to listen to it in our common mother tongue seen the multi-prasimultaneous I do not understand why you have chosen differently but this is a question not the main question that we intend to face the territorial constitution of the union because this will be the legal basis directly from the text of the treaties its basic informers should never be left on the basis of the need to face an extraordinary situation like the one determined by the pandemic next to this formal character another substantial type is the regional policy of being a strategic investment also for the pursuit of the general objectives of the union because it assumes the regions and territories efficiently at the center of the intervention programs where the same investments are preordinated analogously if you intend to complete the general objectives that the Fonderline Commission signed on the day of the pandemic it should not be assumed that they can and must exercise now if well in the implementation of the decisions that will be taken at the national level it must necessarily have its dimension at the level of the single territories that we administer in the confrontations of the citizens that have called us to represent them it is not yet clear what is the role that the commission assigns to the regions and how the same position must be exercised indeed to see a little bit seems to lack everything not only us but the public opinion in its interest and if these resources will arrive in time to conclude that the crisis will take even more catastrophic risks than it already is in that sense as responsible for the economic affairs of the European Commission therefore the main factor of those general objectives that have had the right way to remark even today in this seat keeping in mind the fundamental role that the commission is called to take place in the institutional process in the course to coordinate the formation of the definitive framework of the agreements one which must be in the firm proposal in the intention of the commission the margin of maneuver of the regions in the confrontations of the national governments to address the use of these funds also keeping in mind the objectives and the regional priorities two things it is intended to do that the margin of maneuver is respected three things it is intended to do specifically the commission to accelerate the definition of the propidemental framework to the mobilization of resources and finally when they will arrive they are the commissioners these resources Marco I give the floor now to Baril Sole Bernat you have the floor Thanks Mr. President I hear that the recovery and resilience fund is going to be crucial in the recovery phase to achieve a greener more digital and cohesive Europe regional governments have been in the front line during the COVID-19 crisis and have been managing European funds for a long time giving them to the most needed sectors European regions have worked together whether we are a part of the same state or cross border in the case of Catalonia projects with cross border territories take place within the framework of the Euro region and other entities and initiatives the Catalan government presented last July the economic recovery and social production plan this plan incorporates the priorities set by the European Commission first of all ecological transition digitalization strong health and social protection system and a boost to research in addition this plan is aligned with the sustainable development goals and the 2030 agenda the large volume of the recovery and resilience fund needs an important role from the European regions for the reason which is taken to the European Parliament and the Committee of the Regions the needs to involve the regions in the design implementation and supervision of this fund this fund should be made available to the public as soon as possible raising the prepayment of the funds for next year above the 10% initially planned the urgency of this exceptional moment requires it thank you very much okay I will thank you very much I would like to give now the floor to Uros Brezan from the Greens please thank you President your Commissioner thanks for the opportunity to speak on behalf of Green Group in Committee of Regions on this extremely significant issue of resilience and recovery facility it is of vital importance that EU found wisdom and common ground to establish this 750 billion euros worth next generation EU that has a so ladies and gentlemen I have a list of colleagues who want to take the floor I will give the floor now to our colleagues for 30 seconds each because in 12 minutes Commissioner Gentiloni will take the floor to answer to react because then he will have to leave us so 30 seconds please thank you very much thank you thank you thank you 30 seconds Thank you very much, Dietmar Brokes, please, for 30 seconds. Thank you very much, Mr. President, Mr. Comissar Gentiloni, my dear colleagues. The construction and resilience facility, the core of the EU construction instrument, will also have to be improved in the regions of Europe. Like anywhere else in the EU, my home region will also use its political weight to make the design possible future-oriented construction plans. Because the framework requirements are different from region to region. Therefore, we need regional approved investment plans. My ladies and gentlemen, for all of us, but it must also be related to the rule of law, the foundation of European reconstruction and investment policy, also based on the European semester. The existence of the rule of law is a basic requirement for a modern EU household and strong reconstruction. Thank you very much. We therefore require the Council to implement effective rule of law mechanisms. Thank you very much. Joseph Frey, please. Mr. Comissar, it is important to us that the process of increasing transparency to all participants in the framework of multi-level governance is carried out. The social partners and the civil society are also involved to achieve the greatest possible identification and effect of the measures. It is out of the green party in the ADR that the investment for climate protection and the preservation of our basic conditions must be the highest priority. I thank you for the fact that it is important for our European Solidarity community to implement it. Thank you very much. Ms. Saccadeus, please. Brigitte, 30 seconds. It is wealth and 20 out of the 27 countries do have the responsibility, the region and the local level to have the responsibilities for healthcare. So, of course, the regions and local authorities are very important. And this pandemic showed how important it is to have a well-equipped and robust healthcare system. And also that we also work with public health because that is the competence of the EU. And we have already some organizations within the EU that look for public health like ECDC. And in the future, I think it will be very important to still work with public health. And that's why it's an idea to have hospitals that have a minimum of level of quality. Thank you. Thank you. Yonek Pollet, please. 30 seconds. Okay. Martinez Lozano, please, for 30 seconds. Thank you, Alberto Sirio, for 30 seconds, please. Tobias Gotthard, for 30 seconds, please. Franz Schausberger, please, for 30 seconds. If possible, it's important to cross the border. The expansion of digitalization in the rural regions, the expansion of health resources and the support measures to ensure the survival of small and medium-sized businesses and, above all, to enable culture. We must not forget what we do in Salzburg in particular. It seems very important to me that since the European Commission, which is associated with bureaucracy, it is possible to maintain this environment. Thank you. I would like to give the floor to Fernandez Viana, for 30 seconds, please. Anguilar Vasquez, for 30 seconds, please. Hello. Thank you very much, Mr. President, commissioner, and district in Spanish. It is very important that the European Union takes into account that sectors as important as the automotive sector represent a very important percentage of the European economy and of the European employment. They have suffered a lot during the COVID crisis and also with Brexit. And now they have to have a priority in recovery and resilience plans to strengthen our industry and our employment. Thank you very much and take care of this sector. Thank you. Gracias. Sergio Cacci, for 30 seconds, please. In political relations, that is, in political relations, in the confrontations of the governments of the European Union, above all of the government that represents the best, I am in Italy, and the feeling that the local authorities, the local administrations have, is to come against the waves of the national governments. There has not been an intervention of the municipalities and regions on real needs, but there have been interventions on the waves of the national governments. We cannot allow this, absolutely. So the policy of relations is to invite the governments, not to fall into the mechanism of what to do absolutely with this recovery fund, because it asks to invest less, but to insist on the invest and take solid recovery funds to do projects that are against the needs of the government, thank you. Thank you. Piero, Mauro, Zanin, please, for 30 seconds. Ah, I'll put the camera back on. Good morning, President. Good morning, Paolo Gentiloni. I am President of the Regional Council on the Fee of Julia. The first, because there is a real involvement of local economies and regions, it is necessary that the financial instruments of aid for the spread of the pandemic are provided an obligatory link for which the member states involve local entities. Otherwise, this is not true. Second, it is necessary that these instruments that you put on the field arrive as quickly as possible, as early as possible, as early as possible, as early as possible, as early as possible, as early as possible, because otherwise, they risk arriving when the crisis is planned. To do this, you must intervene, Dear Secretary-General, with strength on the euro-burocracy, you must find the systems of speed up the use of resources for projects that we would like to implement in our communities and in our territories. Thank you, President. Thank you Mille. Frank Proust, please, our last speaker for today, 30 seconds, Frank. Yes, Mr. Commissioner. Three quick points. Indeed, I think it is important that the plans of coherence, the plans of reliance, are made with a European cohesion to define four to five pillars, because there is a real know-how to do it in Europe. If we don't do it, it is not a whole lot of our industry that risks disappearing. I join the interlocutor on the second important point. It is rapidity. We must not pay attention to not integrate too many administrative constraints that would make the plan of reliance not operational only in a year or two. Third point. We must strengthen the competitiveness of our industries. I am not talking about protectionism, but it simply allows the whole of our companies to fight with the same rules as the others because otherwise, we will not be able to be competitive in this sector. Coherence, rapidity and reinforcement of our production. What are the three conditions that reliance is a reliance of A? Thank you very much, Frank. I would like now to give the floor to Prime Minister Gentiloni to make his final remarks and react to what our members have said during this debate. Commissioner. Well, thank you very much, President. Thank you all for your comments and questions. Of course, the big part of the interventions beginning from Michael Murphy, the first intervention where about the relation between national governments and local authorities in this recovery and resilience plans. What I think is that what the Commission can guarantee is one, the framework and two, the process. The framework means that in our guidance, it is very clear the request to national governments to involve local communities and local authorities in designing their plans. We are thinking locally, as Murphy was saying, and this issue has a specificity, as Armao was saying, the insularity. There are several other interventions including Zanin, Kachi and others who are stressing this. So we have the framework that is asking, demanding national government this. Then we have the process. The process means that we will ensure in the dialogue with national government proposals that this happens. We are completely open to participate directly. The President was proposing initiatives like forum at regional level and we are ready to participate. Unfortunately, we are in times where travelling is not at all easy, but hopefully this time will change, but we are ready to participate in this forum. And we are consulting already. And so Bianco was asking with regions, mayors. I have several meetings with mayors and regions discussing these plans. So of course we have to take the premise which is we are borrowing money and sending money to national governments because the situation of different member states is so different that even trying a differentiated approach would have been impossible for this facility because of course we have other forms of structural cohesion and social funds apart the regional fund and the invest EU activity that are open to local authorities and communities. But for this facility I think the commitment we can take is on the framework and on the process. We will follow this together with the committee of the region to guarantee that what is asked in the framework is confirmed in the process of decision making. Pokorna was asking about an excessive amount of details in what we ask and for sure our guidance are pretty detailed. But you know this is quite normal for European funds. I could even say that our guidances for the recovery and resilience plans are less detailed than some other traditional structural or cohesion funds' guidances. Why we have many details? We have many details because we are managing common money and we want to be as sure as possible that this money is spent in the right way and for common goals. Then Elio di Rupo was raising a few very important issues. One, how long will the general escape close last? As you know we triggered the close in March. It was the first time in the European Union experience we don't have presidents but we have I think two things. One is what is written in our rules and it is written that you trigger the general escape close in case of severe economic downturn affecting the Union. So we will untrigger this close when this severe economic downturn will be over. Of course this means in the Union as a whole not in every single country or region because we know that we will have differences. When will this happen? Very difficult now to forecast. So we limited ourselves to make clear to governments that in 2021 the general escape close will remain in place and then I think when we will have a less degree of uncertainty we can discuss on the timing. For now we know that it will remain in place next year and that we will discuss the situation next year according to the evolution and with this premise of the severe economic downturn as a basis. Indeed as D'Rupa was saying we will discuss also how this extraordinary situation is affecting the discussion that was already going on since February on our economic governance because the review of the rules of the stability and growth pact was launched by the commission before the pandemic and of course we will bring this discussion on taking in account what happened in these months and with the goal to make these rules simpler, less pro cyclical and more favorable to public investments. I will switch to Italian to answer to President Marsilio that President Marsilio asked for the importance of the regional dimension but I think I have already answered what the commission is able to do both in the framework and in the process of acting on these recovery plans regarding the timing, let's say formally, as you know, the approval of the recovery and resilience plans is expected in April and the approval of the first 10% of the total figure and the honorable Soley was wondering if this 10% could be increased 10% was the proposal of the commission, at a certain point the council had actually reduced it to about 7% and in the last phase of the negotiations we went back to 10% and I think that the approval was reasonable. If we all work to the maximum, I mean the commission, the council, the European Parliament, the national parliaments I think that this timing will be respected and I think that for the normal times of reactions to our crises it means having reacted in absolutely acceptable times. I remember that the reaction to the financial crisis started after four years unfortunately of the impact of that crisis but it is not a good reason to delay now and I think I have answered Enzo Bianco to conclude with Italian on the fact that we have tools to give direct money to local authorities but we have considered that this tool so exceptional to be, and to vary in times so tight had to have as interlocutors the national governments finally a few more questions for other members of the committee the Honourable Brokes was asking about the rule of law discussion it's a very long and complicated discussion the only point that I want to make is that apparently yesterday we had a not negative start of the a trial on this issue so I saw that remarks coming from the parliament and the council were of course not conclusive but not negative and so I hope that this pillar of our building can be kept strong and this will not create hurdles to the recovery process I fully agree on the importance of health care that was stressed by Honourable Sacredeus and on the need that Honourable Baskets was stressing to support especially sectors more affected because indeed recovery is underway but manufacture is going faster services are slower and among services we have some sectors that are very strongly still in enormous difficulty so we need as Honourable Brokes was saying speed and consistency and final point as was stressed by Honourable Frey the importance of the climate transition this is a sort of identity issue for the commission I can summarise it with three figures one is 55 as you know we strengthened our targets for 2030 from reduction of 40% to reduction of 55% of emissions second number is 37 which is near to what your committee was suggesting the threshold of investment connected to the green transition that we ask in the recovery plans and final number is 30% of the borrowing of these 750 billion euros will be issued in green bonds and this will make the commission probably the main global issuer of green bonds this is indeed for us a big priority thank you very much Mr President and thank you all thank you Commissioner Gentiloni for this very interesting discussion that we had today in our second day of this plenary I think that our members both the ones who are present here and the ones who are contributing online and also the people who are following our plenaries and our discussions these days have found this discussion very interesting so thank you very much again for addressing all these issues and I wanted to tell you Prime Minister that we are really reassured that in these turbulent times the economy of the European Union falls on your hands on your stable and experienced hands thank you very much again ladies and gentlemen dear colleagues I would like also to thank our interpreters who have been here all the time delivering for us even if we exceed sometimes the time limits thank you very much ladies and gentlemen of the interpreter services translation services we will now have a break and we will reconvene at 2.30 exactly Brussels time for our very important debate with Chancellor Angela Merkel thank you very much see you in one hour and ten minutes