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European recovery plan: Spain must manage the windfall with a fragile majority

2020-10-07T16:36:13.309Z


The country has had difficulty administering European money in the past.Madrid Spain wants to go fast and hit hard. The European Union country where the GDP (- 18.5%) and the activity rate (- 7.5%) fell the most in the second quarter expects a total of 140 billion euros from Brussels. Its President of the Government, Pedro Sanchez, presented on Wednesday, by videoconference to all his ministers and the ambassadors of the 26 other EU member countries, the broad outlin


Madrid

Spain wants to go fast and hit hard.

The European Union country where the GDP (- 18.5%) and the activity rate (- 7.5%) fell the most in the second quarter expects a total of 140 billion euros from Brussels.

Its President of the Government, Pedro Sanchez, presented on Wednesday, by videoconference to all his ministers and the ambassadors of the 26 other EU member countries, the broad outlines of the administration of these funds.

As part of a plan known as

"recovery, transformation and resistance of the Spanish economy",

the government is preparing for "

an unprecedented mobilization of resources"

over six years, starting with 72 billion euros over the financial years 2021, 2022 and 2023. The executive aims to create through this gigantic revival 800,000 jobs in three years.

Sanchez intends to devote 37% of funds to the digital transition and 33% to the green economy.

He drew up a list of 10 "

driving

" policies, of which the most richly endowed are education.

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Source: lefigaro

All news articles on 2020-10-07

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