EU Set To Green Light Italy, France, Spain’s Recovery Plans

EU Set To Green Light Italy, France, Spain’s Recovery Plans
European Union flags flutter outside the EU Commission headquarters in Brussels on May 5, 2021. Yves Herman/Reuters
Reuters
Updated:

BRUSSELS—EU finance ministers are set to adopt the recovery plans of 12 EU states on Tuesday, including those of Italy, Spain, and France, paving the way for the first disbursements of EU grants and loans to boost investments.

Ministers in a meeting in Brussels are expected to give their green light to the plans prepared by Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia, and Spain, EU officials said, in what will be the first batch of approvals.