04/10/2022 (Agence Europe) – On Tuesday 4 October, the Ecofin Council formally adopted the Dutch recovery plan with €4.7 billion in grants only (see EUROPE 13017/16). The Dutch plan allocates 48% of this amount to climate objectives and 26% to the digital transition. The Hungarian recovery plan is now the only one to be formalised and adopted. The fate of this is linked to the procedure of the ‘Rule of law conditionality’ regulation (see other news) while the Hungarian authorities are blocking the directive transposing the OECD agreement on minimum taxation of multinationals (Pillar II) in the European Union. See the draft EU Council decision approving the Dutch plan: https://aeur.eu/f/3b3 ; and its annex: https://aeur.eu/f/3B2 (MB)