Italy & Spain would receive biggest share of EU’s proposed €750 billion post-Covid recovery fund ...United Arab Emirates

The European Commission has finally put forward its plans for post-pandemic economic recovery and is set to propose that hardest-hit Italy and Spain will receive the biggest chunks of the €750 billion set aside. The Commission said the package of measures would be worth €1.85 trillion in total “to help kick-start” the economy and “ensure Europe bounces forward.”  Out of the €750 billion ‘Next Generation EU’ recovery fund, Italy could get 173 billion, while Spain could get 140 billion — and the fund will be offered in a combination of grants and loans, a senior EU official told Reuters. Commission President Ursula von der Leyen said thi

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