Economics
EU’s $826 Billion Recovery Fund Will Have Strings Attached
- Nations need to submit investment plans to get access to funds
- Funds will be distributed in installments based on milestones
Diners at a restaurant in the Cathedral square in Milan, on May 18.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
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The European Union’s top economic officials warned that the bloc’s 750 billion-euro ($826 billion) recovery package won’t give countries blank checks, as grants and loans will be conditional on the implementation of reforms and will have to focus on the region’s green and digital priorities.