The Limited Times

Now you can see non-English news...

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.

This article is for subscribers only.

You have 66% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

Enter your email

Already subscribed?

Log in

Source: lefigaro

All news articles on 2020-10-07

You may like

News/Politics 2020-10-18T15:34:12.516Z
News/Politics 2020-07-06T13:08:45.082Z

Trends 24h

Latest

© Communities 2019 - Privacy