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Jun 4, 2020

Europe bets R&D spending will bring jobs to battered economy

Posted by in categories: biotech/medical, economics, employment

The European Union wants a massive dose of research spending to lift it out of what could be the worst recession in its history. Last week, as part of a €1.85 trillion budget and pandemic recovery proposal, the European Commission, the EU executive arm, unveiled plans to pump €94.4 billion into research over 7 years, nearly €11 billion more than originally planned for the program, called Horizon Europe. But not everyone thinks the money is the best medicine.


Horizon Europe gets €13.5 billion to spend fast, spur growth.

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