- Italy is to get EUR82 billion in grants under EU proposal - Bloomberg reports, citing an EU official on the matter
Market news
27 May 2020
Italy is to get EUR82 billion in grants under EU proposal - Bloomberg reports, citing an EU official on the matter
- Spain to be granted EUR77.3 billion in grants
- France to be granted EUR39 billion in grants
Meanwhile, Reuters reports, citing sources familiar with the matter, that Italy will also receive EUR91 billion in loans under the proposal and Spain will get EUR63 billion in loans.
Overall, the European Commission is to propose the EU budget worth EUR1.1 trillion for 2021-27 that will come together with the coronavirus recovery fund that will mobilize EUR500 billion in grants and EUR250 billion in loans to help the member states' economies recover from the coronavirus pandemic.
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