The EU’s recovery and resilience facility has been approved, providing member states with 672.5 billion euros in funding for green and digital transition projects.
The European Commission presented its 2021 Annual Sustainable Growth Strategy that includes a set of goals to be met through the use of 672.5 billion euros in financial aid.
Reaching an agreement on the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU”, topped the agenda of a recent EU leaders meeting.
If the UK exits the EU with no deal in place, Greece stands to see a budget gap of 224 million euros through to 2020, according to an analysis by the Bruegel Institute.
