EU recovery plan

    • Recovery fund: EU ministers approve four more national plans

      Recovery fund: EU ministers approve four more national plans

      European Union finance ministers approved on Monday the national recovery plans of Croatia, Cyprus, Lithuania and Slovenia, paving the way for the disbursement of EU pre-financing for projects envisaged under the schemes, news wires reported. The European Council is expected to adopt its implementing decisions on the approval of these plans by written procedure shortly after the informal ministers’ meeting held on Monday. Following the formal adoption of the decisions, this second batch of member states will be able to use the facility’s funds to foster their economic recovery from the COVID-19 pandemic.

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    • European Commission endorses Greece's €30.5bn recovery and resilience plan

      European Commission endorses Greece's €30.5bn recovery and resilience plan

      The European Commission on Thursday adopted a positive assessment of Greece's recovery and resilience plan. This is an important step towards disbursing €17.8bn in grants and €12.7bn in loans under the Recovery and Resilience Facility (RRF) over the period 2021-2026, EC Press service reported. This financing will support the implementation of the crucial investment and reform measures outlined in Greece's recovery and resilience plan. It will play a key role in enabling Greece emerge stronger from the Covid-19 pandemic.

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    • NextGenerationEU will further unite our Union

      NextGenerationEU will further unite our Union

      While it is undisputed that this pandemic has had a horrible impact on our societies and economies, it has also challenged and mobilised us to think about – and do – the extraordinary. With the strong backing of this Parliament and our Member States, we have launched an unprecedented financial assistance package. And we have done so at record speed.

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    • Expert board will strictly oversee Italy's Recovery Plan: Reuters

      Expert board will strictly oversee Italy's Recovery Plan: Reuters

      Italy’s PM Mario Draghi plans to set up a board of technical experts to strictly oversee management of Italy's five-year Recovery Plan, according to a draft government decree obtained by Reuters. The decree, set to be approved by the cabinet on Friday, includes emergency measures to streamline bureaucracy and explains how the government will implement investment projects to be funded by the EU.

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    • EU needs a more ambitious Covid recovery plan, French minister says

      EU needs a more ambitious Covid recovery plan, French minister says

      The EU must shoot for a more ambitious Covid-19 recovery plan than the landmark €750bn stimulus agreed last summer after the epidemic’s first wave, French European Affairs Minister Clement Beaune said on Sunday, Reuters reported. In an interview on LCI television Beaune said Europe must not repeat errors made after the global financial crisis a decade ago and this time should underpin the recovery with investment, in fifth-generation (5G) wireless networks, green and digital technologies, among others.

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    • Italy’s government risks collapse over EU Recovery Fund

      Italy’s government risks collapse over EU Recovery Fund

      Italia Viva (IV) leader Matteo Renzi on Monday warned PM Giuseppe Conte against trying to end tension within the coalition supporting his government via a showdown in a parliamentary vote, ANSA reported. Ex-premier Renzi has repeatedly threatened to pull his centrist party out of the governing alliance due to disagreements about how the executive intends to spend €209bn Italy will get in grants and low-interest loans from the EU Recovery Fund.

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