On Thursday 17 September, the European Commission clarified the functioning and the timetable for the launch of the Recovery and Resilience Facility as well as the breakdown of financial support by Member State.
A budgetary instrument at the heart of the European Recovery Plan, the Facility will be endowed over 4 years with €672.5 billion, of which €312.5 billion will be in the form of grants and €360 billion in loans, as agreed by the European Council on 21 July (see EUROPE...