Ecofin gives green light to the National Recovery and Resilience Plan

Approval by the EU Ecofin (Economic and Financial Affairs) Council of the National Recovery and Resilience Plan (NRRP) of the European post-pandemic recovery plan “Next Generation EU.

Minister Daniele FRANCO during the Ecofin meeting in Brussels
**Copyright:** European Union

Together with the Italian plan, the green light has also arrived for the plans of Austria, Belgium, Denmark, France, Germany, Greece, Latvia, Luxembourg, Portugal, Slovakia and Spain.

Thanks to the adoption of the Council Implementing Decisions on the approval of the plans, the twelve Member States that have been given the green light can conclude grant agreements and loan agreements that will allow pre-financing up to 13 % of the total amount of each plan, which for Italy is EUR 25 billion.