The Limited Times

Now you can see non-English news...

European recovery plan: the first billions paid

2021-08-03T17:30:48.229Z


Portugal, Belgium and Luxembourg were the first members to receive aid from the European Union. Brussels The stage is more than symbolic. It marks the beginning of the concrete implementation of the European recovery plan, financed by a common debt of Europeans and imagined to overcome the impact of Covid-19 on the economy. On Tuesday, the European Commission made the first payments from the fund called Next Generation EU: 2.2 billion euros for Portugal, 770 million for Belgium and 12.1 mil


Brussels

The stage is more than symbolic.

It marks the beginning of the concrete implementation of the European recovery plan, financed by a common debt of Europeans and imagined to overcome the impact of Covid-19 on the economy.

On Tuesday, the European Commission made the first payments from the fund called Next Generation EU: 2.2 billion euros for Portugal, 770 million for Belgium and 12.1 million for Luxembourg.

That is 13% of the amounts everyone can claim in 2021.

Read also:

European recovery plan: the EU borrows the first 20 billion of its recovery plan

If they are the first to receive this advance, it is because they are also the first to have signed the bilateral financing agreements with the European Commission, after having seen their national recovery plans validated.

Others must follow

"throughout the month of August"

.

Greece hopes for the disbursement this Friday.

For France, five of the 39.4 billion euros of its investment program are expected in mid-August.

For other countries,

"it may take longer"

,

This article is for subscribers only.

You have 68% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 for 2 months

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-08-03

You may like

News/Politics 2024-02-29T12:24:26.392Z

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.