Press release
Press release

Visable CEO Peter F. Schmid comments on EU recovery fund

The EU summit agreed on the largest budget and financial recovery package in the history of the EU. Over the next seven years, a total of €1.8 trillion will ensure that European countries survive the consequences of the corona pandemic as unscathed as possible. Visable CEO Peter F. Schmid welcomes the decision on the recovery fund. 

At Visable, we consider ourselves a partner to industrial SMEs across Europe. With our platforms EUROPAGES and "Wer liefert was", we ensure stable supply chains and the digital visibility of our customers. We regard the EU summit’s agreement on a €750 billion recovery fund as a powerful signal for a strong, united Europe. Because only together will we be able to emerge from this crisis strengthened. 

As a European digital company, we particularly welcome the EU's decision to link the allocation of funds to the commitment to climate protection and digitalisation projects. The coronavirus crisis has pushed efforts to combat climate change into the background, but the challenges for us and coming generations have by no means disappeared. Furthermore, COVID-19 has shown us all that digitalisation is a lifesaver for many companies in times of crisis. At the same time, the exceptional global situation has been a catalyst for digital progress. Now, we have to build on this and make the best possible use of financial resources. It is important that the allocation of these funds is handled in an uncomplicated manner and that it can be carried out without major bureaucratic hurdles. SMEs in particular are dependent on short-term support, because for many, every day, that the crisis lasts, counts.

German chancellor Angela Merkel and French president Emmanuel Macron joined forces in the negotiations as a Franco-German alliance for a strong Europe. At Visable, with our main locations in Hamburg and Paris, we too act in the spirit of the European idea of a common strong economy. With our B2B platforms, we support European SMEs to establish business relationships and generate turnover even in times of cancelled trade fairs.

You can download a photo of Visable CEO Peter F. Schmid here.


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