Recovery fund, Patuanelli: "We will not use EU funds for Ilva and Alitalia"
Recovery fund.
The government manages the funds
Recovery Fund, the task force announced by the premier does not convince the allies
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31 August 2020 "In line with the conclusions of the European Council, in the context of the Recovery Fund (Recovery andresilience Facility), it is possible to pay a pre-financing of 10% of the financial contribution for each Member State, with the approval of the plan of reforms and "the adoption of the legal commitment of the Commission, provided that all conditions are met and all legal steps have been completed by then", said a spokesman for the European Commission, responding to the pre-financing.
According to reports, however, although all Member States have been encouraged to submit their plans by 15 October, to initiate an exchange with the European Commission and avoid blockages, the plans will only be considered formally submitted from 1 January.
At that point the Community Executive will have up to two months to examine the proposals and present its evaluation to the Council for approval.
For the 10% disbursement, the ratification process in the national parliaments must also be completed and the collection of resources on the financial markets has begun.