EU recovery fund: “a great agreement for Spain”

DELIGHTED: “There is no doubt that today is one of the most brilliant pages in the history of the European Union”, Spanish Prime Minister Pedro Sanchez enthused. CREDIT: Pedro Sanchez Twitter @sanchezcastejon

AFTER four days of intense and sometimes distinctly testy debate on a post-coronavirus recovery plan, the EU-member state leaders have finally reached what Spanish Prime Minister Pedro Sanchez described as a “great agreement for Spain and for Europe.”

Spain is set to do pretty well out of the €750 billion stimulus package.

The country will get €140 billion. This represents somewhere in the regions of 11 per cent of Spain’s GDP.

Of the total amount, €72,700 will be in the form of direct assistance, a clearly pleased Sanchez commented at a press briefing in Brussels on Tuesday shortly after the deal was reached.

“There is no doubt that today is one of the most brilliant pages in the history of the European Union”, he enthused.

Sanchez highlighted the fact that in absolute terms Spain emerges with practically the same amount which is first proposed to the European Commission.

According to the Spanish Prime Minister is “a genuine Marshall Plan”, which will not only allow Spain to deal with the economic crisis created by the pandemic, but also transformations the country will need to go through in the future.

Sanchez’s also said he believed the whole of the EU will benefit from the plan.

“Today all Europeans win and the European Union will come out much stronger”, he maintained.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Cathy Elelman

Cathy Elelman is the local writer for the Costa de Almeria edition of the Euro Weekly News.

Based in Mojacar for the last 21 years, Cathy is very much part of the local community and is always well and truly up on all the latest news and events going on in this region of Spain.

Her top goals are to do the best job she can informing the local English-speaking community, visitors to the area and the wider world about about the news in Almeria, to learn something new every day, and to embrace very new challenge this fast-changing world brings her way.

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments


    • Herbert Lichtenwald

      21 July 2020 • 17:11

      Siesta Land has begged for money, received it and can now provide its citizens with a basic pension
      that others have worked for it or paid off the debt for it. sanchez just elicited a dirty grin

      Spain ashamed of you

      Reply

    Leave a comment

    Your email address will not be published.