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Europe Daily Bulletin No. 12777

27 August 2021
Contents Publication in full By article 11 / 19
EU RESPONSE TO COVID-19 / Economy
German recovery plan receives €2.25 billion in pre-financing
Brussels, 26/08/2021 (Agence Europe)

The European Commission announced on Thursday 26 August that it had paid €2.25 billion to Germany in order to pre-finance its national recovery plan under the Next Generation EU Recovery Plan.

This is 9% of the total German plan, which will receive €25.6 billion in EU aid in the form of grants only(see EUROPE B12707A17). According to the European Commission, this threshold is the result of a German request: each country is entitled to pre-financing that is equivalent to 13% of the...

Contents

EXTERNAL ACTION
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EU RESPONSE TO COVID-19
NEWS BRIEFS