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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"

,

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Source: lefigaro

All news articles on 2021-08-03

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