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Europe’s Covid recovery fund starts to fall into place

Negotiations were difficult and the plan got off to a slow start, but Europe's huge post-coronavirus recovery fund may make its first payments in July. 

To Brussels' relief, two important obstacles in the path of the 672-billion-euro ($812 billion) package of grants and loans were passed this week.

Germany's constitutional court rejected a bid to block the deal's ratification and Portugal became the first EU member to submit its spending plan.

"It was a very good week," a senior EU official told AFP.

A dozen more members -- including big player France -- are due to follow suit next week, handing over what officials warn are on average 50,000-page documents.

 

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Europe’s Covid recovery fund starts to fall into place

Negotiations were difficult and the plan got off to a slow start, but Europe's huge post-coronavirus recovery fund may make its first payments in July. 

To Brussels' relief, two important obstacles in the path of the 672-billion-euro ($812 billion) package of grants and loans were passed this week.

Germany's constitutional court rejected a bid to block the deal's ratification and Portugal became the first EU member to submit its spending plan.

"It was a very good week," a senior EU official told AFP.

A dozen more members -- including big player France -- are due to follow suit next week, handing over what officials warn are on average 50,000-page documents.

 

Comments

আ. লীগ নিষিদ্ধের জন্য পাড়ায়-মহল্লায় জনতার আদালত তৈরি করব: নাহিদ ইসলাম

তিনি বলেন, অন্তর্বর্তী সরকারকে জুলাই সনদ কার্যকর করতে হবে এবং সনদে স্পষ্টভাবে আওয়ামী লীগ নিষিদ্ধের কথা থাকতে হবে।

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