• Draghi: Italy among the first to receive Recovery funds, now ahead with reforms

  • EU, first transfer of the Recovery to Italy of 24.9 billion

  • Funds from Recovery for the earthquake-hit areas of Central Italy

Share

03 September 2021 For the disbursement "of the next 25 billion" for Italy from the Next Generation Eu, which Rome "will probably ask for in December", the European Commission "will check whether the objectives set between now and December, which for the Italian plan are 51, have been reached "and" how many and which ones "have been. Thus the European Commissioner for the Economy, Paolo Gentiloni, who spoke at the National Unity Day in Bologna.



"I am optimistic because I see that Italy has a prime minister and a government that are very determined and aware" of the priority of using the resources of the

Next Generation Eu

to achieve the investment and reform objectives established in the plans agreed with Brussels.



After the first 25 billion of pre-financing disbursed in August, "i

Italy will probably ask for the

next 25 billion

in December ", Commissioner Gentiloni explained, warning that the Recovery Fund is" a gigantic opportunity "for the next few years. For this reason, he added, it is necessary" to deal a lot with reforms and of investments. If we don't do it now, we will miss the one great chance we have had to spend so much money for good.



"" The

government seems strong and stable to me.

", he added." But let us realize that this priority in Brussels is seen as a huge challenge. "" The money that has come so far was money that the European Commission paid out when the plans were approved. The challenge is that these plans, we are talking about a few tens of thousands of pages, if we think of the different European countries, are divided into hundreds of objectives to be achieved with more or less indicative or more or less precise dates in which these objectives go. achieved. And the next disbursements will be linked to the achievement of these objectives, they will no longer be linked to the approval of the plan ", explained Gentiloni.



" I'm not a pessimist "- concluded Gentiloni -, but" I would like there to be greater awareness in

the public debate as well

that I see from time to time going through the branches ... ".