Following the announcement on the 16th to approve the economic recovery plans of Portugal and Spain, the President of the European Commission Von der Lein announced on the 17th the approval of the economic recovery plans of Greece and Denmark. So far, four EU member states’ economic recovery plans have been approved by the EU.
Von Delane held a joint press conference with Greek Prime Minister Mizotakis in Athens on the 17th. She said that 65% of Greece's approved funds will be used for digitalization and green economy transformation, and the first batch of funds is expected to be disbursed in July.
According to the plan, by 2026, Greece will receive 30.5 billion euros from the EU recovery fund, including 17.8 billion euros in grants and 12.7 billion euros in loans.
On the same day, Von der Lein announced in Copenhagen that the European Unio had approved the Danish economic recovery plan. Denmark will receive 1.5 billion euros from the European Unio Recovery Fund, which will be mainly used to combat climate change, environmental protection and digital transformation.
The Danish Industry Federation stated that the Danish economic recovery plan only accounts for 0.2% of the total EU recovery fund pool. Therefore, for Danish companies, participating in the economic recovery plans of other countries means greater opportunities. The Danish industry is particularly concerned about the economic recovery plans of Italy, Poland and France, because the Danish green industry has greater advantages and has great export potential to these countries.
On the 16th, Von der Lein announced the approval of Spain's economic recovery plan in Madrid. According to the plan, the European Unio will provide Spain with 140 billion euros of funding, including 69.5 billion euros in grants. These funds will be mainly used for economic structural reforms, job creation, and the realization of a green economy and digital transformation.
Portugal is the first member state to submit an economic recovery plan to the European Unio and be the first to be approved. At a joint press conference held in Lisbon and Portuguese Prime Minister Costa on the 16th, Von der Lein stated that Portugal’s plan is in line with the EU’s development philosophy and will help the country get rid of the new crown epidemic crisis and make its economy stronger and more resilient.
Portugal's approved economic recovery plan involves a total of 16.6 billion euros, of which 13.9 billion euros are allocated by the European Unio. The first batch of funds is planned to be allocated in July this year.
The EU launched an economic recovery plan with a total scale of more than 1.8 trillion euros in July 2020, including a 750 billion euro recovery fund. In December of the same year, EU leaders reached an agreement on the implementation of the recovery plan. (Reporters involved: Yu Shuaishuai, Feng Junwei, Lin Jing, Zhao Danliang)
