Brussels authorizes 21,000 million payments to Italy from bailout plan

It hasn’t even been 48 hours since the general elections that strengthened the far right in Italy. Giorgia Melony at the beginning and the country received the first good news from Brussels: proceeding for the second payment 21 billion € From the Next Generation EU program aimed at rejuvenating the European economy – 10,000 million non-refundable transfers and 11,000 million low-cost loans. “The Commission considers that Italy has made sufficient progress in implementing the bailout plan to receive the second payment”, the Commission President congratulated, Ursula von der Leyen.

The request for payment was submitted by Mario Draghi’s acting government on 28 June. Italy had to comply to unblock the payment 45 milestone and goal in areas such as public employment (within the framework of broader public administration reform), the public procurement system, education, financial administration and the provision of health services at the regional level. The payment also included investments in broadband and 5G, research and innovation, tourism and culture, hydrogen, urban regeneration and the digitization of schools, as well as reforming the judiciary to reduce the list of pending cases.

positive evaluation

After a thorough review, Brussels decided that Italy complied and sent a positive assessment to the economic and financial committee, which will have one month to make its assessment. If it is positive, the Commission will be able to give final approval. Italy is the largest beneficiary of the Next Generation programme, with €191,600 million of which 69,000 million corresponds to non-refundable aid and 122,600 million credits.

“A for Italy unique opportunity to build a more competitive and sustainable economy and a fairer society. I urge the next Italian government to make sure this opportunity is seized. The fulfillment of the many remaining commitments is essential to bring about the structural change necessary to put the Italian economy on a path of strong and sustainable growth,” recalled the commissioner for economic affairs, Paolo Gentiloni.

Source: Informacion

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