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DiQ S6 EP9

Daniela Schwarzer on Europe’s Strategic Conundrums (Part 1)

Glossary

What is the Visegrád Group?

(20:22 or p.5 in the transcript)

The Visegrád Group, Visegrád Four, or V4, is a cultural and political alliance of four Central European countries – the Czech Republic, Hungary, Poland and Slovakia, that are members of the European Union (EU) and NATO – for the purposes of advancing military, cultural, economic and energy cooperation with one another along with furthering their integration in the EU. The Group traces its origins to the summit meetings of leaders from Czechoslovakia, Hungary, and Poland held in the Hungarian castle-town of Visegrád on 15 February 1991. Visegrád was chosen as the location for the 1991 meeting as an intentional allusion to the medieval Congress of Visegrád in 1335 between John I of Bohemia, Charles I of Hungary and Casimir III of Poland. After the dissolution of Czechoslovakia in 1993, the Czech Republic and Slovakia became independent members of the group, thus increasing the number of members from three to four. All four members of the Visegrád Group joined the European Union on 1 May 2004. source

What is the NextGenerationEU?

(25:44 or p.6 in the transcript)

NextGenerationEU is the EU's €800 billion temporary recovery instrument to support the economic recovery from the coronavirus pandemic and build a greener, more digital and more resilient future. The centrepiece of NextGenerationEU is the Recovery and Resilience Facility- an instrument that offers grants and loans to support reforms and investments in the EU Member States for a total of €723.8 billion in current prices. Part of the funds – up to €338 billion – are being provided to Member States in the form of grants. Another part – up to €385.8 billion– funds loans to individual Member States. These loans will be repaid by those Member States. Should Member States not request the full envelope of loans available under the facility, the remaining amount of loans will be used to finance REPowerEU, a programme to accelerate the EU’s green transition and reduce its reliance on Russian gas. Funds under the Recovery and Resilience funds are being provided to Member States in line with their national Recovery and Resilience plans – the roadmaps to reforms and investments aimed to make EU economies greener, digital and more resilient. Part of the NextGenerationEU funds are being used to reinforce several existing EU programmes. source