Recovery: EU launches 806 billion euro financing plan

(ANSA) - BRUSSELS, APRIL 14 - The European Commission launches its plan to finance the Next Generation Eu: by 2026, it will raise 806 billion euros on the markets, at a rate of around 150 billion a year. This was announced by the EU budget commissioner Johannes Hahn.

   The first issue is scheduled for June. "The Commission will be ready to go to the markets as soon as the Member States complete the ratification process" of the own resources decision, stressed Hahn. The securities will have a variable duration (from 3 to 30 years), but the introduction of bonds with a maturity of less than one year is also envisaged.

   (HANDLE).