EU approves economic recovery plans of Italy, France, Spain

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels
FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, March 24, 2021. REUTERS/Yves Herman/File Photo

July 13, 2021

BRUSSELS (Reuters) – European Union finance ministers approved on Tuesday investment plans of 12 states, including Italy, Spain and France, paving the way for the first disbursements of grants and loans from the bloc to boost recovery from the coronavirus crisis.

Ministers in Brussels gave their green light to the plans – also by Austria, Belgium, Denmark, Germany, Greece, Latvia, Luxembourg, Portugal, Slovakia – an EU statement said.

It was the first batch of approvals of national investment programmes under the EU recovery plan.

(Reporting by Francesco Guarascio @fraguarascio; Editing by Andrew Cawthorne)