Published On: Tue, Jul 13th, 2021
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EU Set To Green Light Italy, France, Spain’s Recovery Planson July 13, 2021 at 11:24 am

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BRUSSELS—EU finance ministers are set to adopt the recovery plans of 12 EU states on Tuesday, including those of Italy, Spain, and France, paving the way for the first disbursements of EU grants and loans to boost investments. Ministers in a meeting in Brussels are expected to give their green light to the plans prepared by Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia, and Spain, EU officials said, in what will be the first batch of approvals. Plans from the remaining 15 EU countries of the EU will be assessed at a later stage. The EU executive commission sent to finance ministers in late June its positive assessment of the first 12 plans. It has also green lighted in July the plans of Slovenia, Cyprus, Croatia, and Lithuania, which will be assessed by ministers later in July. The plans need approval from a qualified majority of …

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