The role of the new “recovery fund” can be played by its “Crisis Mechanism” Eu, which will be provided for in the new Community budget (from which the NSRFs in Greece are funded) that will “run” from 2028 to 2034, according to well -informed sources of Newsit.gr from Brussels.
It is recalled that the EU’s “crisis mechanism” will have a “firepower” of up to almost 400 billion euros (out of a total of 2 trillion euros of the new Community budget) in loans to Member States, which will be activated when “serious crises hurt the Union”. As he revealed in his speech on October 1, 2025, The Community Commissioner for Budget, The source of funding this tool of the new Community budget will be Community borrowing by issuing Euro -bonds by Commission.
However, in the EU the debate has gone further and has begun to determine what these may be “Serious judgments”.
Specifically, the question has come to the table that The “crisis mechanism” could be supported by EU member states that would be affected by a financial crisis as a result of another crisis, which (besides climate) could also be war (eg with Russia).
It is noted that this funding will be Independent of Safe Fund (which concerns exclusively the equipment of EU member states and is outside the Community budget).
The same sources clarify that this “mechanism” (emphasized: as a part of the Community budget and not apart from it as the recovery fund after the pandemic), when it confirms that there is a crisis, it will be able to activate a financial instrument- not permanent- as it was with the EURO.
More specifically, a new framework that will be introduced into the new perennial program (EU budget), but without a commitment to be activated.
Therefore, it should be found that we are in crisis – economic – obviously because of some other crisis and then activated.
This plan will “cling” to the “patent” of the recovery fund in terms of loans it will include.
Specifically, after the Commission is borrowed, it has zero interest rates, it will be able to borrow with it on the welfare terms on behalf of Member States.
In turn, these Member States could then receive these funds for action investment under the model of the recovery fund.
The total amount, however, will not only be much smaller than the recovery fund, but it should probably have those countries that receive these privileged loans to have done very well in the management of fiscal as it will be evident from the evaluations of semesters.