ROME: Italy submitted its Recovery Plan to the European Commission late on Friday, a government spokesman said, just getting the document to Brussels within the April 30 target date set for all 27 European Union countries.
The plans are a prerequisite to receive cash from the EU’s one-off, 750 billion euro ($902 bn) fund set up to help members recover from the pandemic and give the continent a greener, more digital and more resilient economy.
Prime Minister Mario Draghi intervened, calling Commission President Ursula von der Leyen to smooth negotiations, after which he amended the document before presenting it to his cabinet. — Reuters
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