Spain requests the 10,000 million of the first tranche of the recovery fund

The European Comission the first request from a Member State to access the first tranche of recovery funds is already on the table Next Generation EU. Spain. As announced earlier in the week by the vice president Nadia Calvin, the Spanish executive presented this Friday the request for disbursement of the first 10,000 million euros, which are added to the advance of 9,000 million already received. Brussels now has two months to verify that Spain has complied with the 52 milestones and objectives required and make a recommendation to the Economic and Financial Committee of the Council, which will have one month to make a decision.

Despite these deadlines, which, if strictly adhered to, could delay disbursement until early February, the presidency of the Commission, Ursula von der Leyen, has assured that they will evaluate and decide quickly. “A new milestone in the launch of our Next Generation EU recovery plan. We have received the first payment request from a Member State. From Spain, for 10,000 million, to finance energy efficiency projects, clean mobility, qualification projects and more. Now we will evaluate it and decide quickly & rdquor ;, he has indicated in his twitter account.

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This same week, Vice President Calviño assured in Brussels that they hope that the process can be completed this year and that the subsidies can arrive before the end of 2021. To achieve this they will have to first obtain the approval of the economic team of the Community Executive that will evaluate the degree of fulfillment of the 52 milestones and objectives to which this first tranche of aid is subject. These are reforms and elements adopted since February 2020, including the climate law and the 2050 de-carbonization strategy, the SME digitization plan, the digital tax, the law on teleworking and other measures to combat temporary employment. .

If Brussels considers that, as the Government of Pedro Sánchez, all the milestones and objectives are met, it will issue a positive opinion that will later have to be endorsed or rejected by the Member States through the Economic and Financial Committee of the Council. If this first tranche is approved in 2021, Spain will end the year with 19,000 million euros in subsidies from the recovery fund in the Spanish coffers. Spanish sources, however, have ironed out a delay and the fact that the money did not finally arrive until early next year.

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