Xinhua News Agency, Brussels, July 13 (Reporter Chen Wenxian and Li Jizhi) The European Council issued a press announcement on the 13th that the first batch of 12 EU member states’ economic recovery plans were officially approved.
The press announcement stated that the countries approved this time include Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia and Spain, and they will receive the first batch of funds in the near future.
The European Commission’s Executive Vice President Donbrowskis said at a press conference that day that after the approval of the European Council, 12 member states will sign grants and loan agreements with the European Commission, and they will be able to obtain pre-approval by the end of July at the earliest. Financing.
In July 2020, the EU launched an economic recovery plan with a total scale of more than 1.8 trillion euros, including a long-term budget of 1.074 trillion euros from 2021 to 2027 and a 750 billion euro recovery fund. This is the EU's largest economic stimulus package so far.
In December of the same year, EU leaders reached an agreement on the implementation of the recovery plan.