The down payment of Recovery Fund that Italy will receive salt in 2021 from 15 to 20-21 billion of Euro. During the night, the European Parliament, the Commission and the EU Council reached an agreement on the maxi-emergency fund (whose real name is "Recovery and Resilience Facility", Rrf): in all, between grants and loans, it is 672,5 billion euros for the next three years, the cornerstone of the "Next Generation Eu" post-Covid-19 recovery plan.
With this agreement “we have obtained a 30% increase in the pre-financing of the Recovery plan”, explains Irene Tinagli, MEP of the Democratic Party and president of the Economic Affairs Committee of the European Parliament, specifying that “for Italy it goes from 15 to 20-21 billion: an important result”.
Meanwhile, another announcement arrives from the European Commissioner for the Budget, Johannes Hahn: “Italy has already sent a draft reform plan and we will now analyze it – he said – The goal is to facilitate the country's recovery, but also to make it more resilient”.
At European level, "what is needed now is the national ratification of the financial package in all 27 EU countries”, which brings together the European multiannual budget and the Recovery Fund, added the Commissioner. "And it must be remembered that in 23 Member States approval by the national Parliament is required", a process which "normally takes two years", but which now will have to take place "in weeks or at most in a few months".
The European Commissioner for the Economy, Paolo Gentiloni, underlined instead that “the Recovery and Resilience Facility paves the way for Europe not only to rebuild its economy after the pandemic, but also to transform it. To exploit this opportunity, the Commission and national authorities need to work together to swiftly approve and then effectively implement a set of ambitious and credible national plans. As this dismal year draws to a close, we look forward to 2021 with optimism and determination."
