{"id":74364,"date":"2021-08-18T04:06:06","date_gmt":"2021-08-18T02:06:06","guid":{"rendered":"https:\/\/zen-hopper.82-223-81-17.plesk.page\/2021\/08\/18\/brussels-transfers-the-first-9-billion-of-the-recovery-plan-to-spain\/"},"modified":"2021-08-18T04:06:06","modified_gmt":"2021-08-18T02:06:06","slug":"brussels-transfers-the-first-9-billion-of-the-recovery-plan-to-spain","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2021\/08\/18\/brussels-transfers-the-first-9-billion-of-the-recovery-plan-to-spain\/","title":{"rendered":"Brussels transfers the first 9 billion of the recovery plan to Spain"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h6><strong>The Diplomat<\/strong><\/h6>\n<p>&nbsp;<\/p>\n<h4><strong>Spain yesterday received the first \u20ac9 billion of the recovery plan approved by the European Union, representing 13% of the nearly \u20ac70 billion requested by Pedro S\u00e1nchez&#8217;s government in the form of a non-refundable transfer.<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p><strong>The President of the European Commission, Ursula von der Leyen<\/strong> announced on her Twitter account the transfer made by Brussels to our country, stating: &#8220;The disbursement of NextGeneration EU funds today launches Spain&#8217;s Recovery and Resilience Plan.<strong> This plan will be a crucial boost to make the Green Pact a reality, digitise the economy and make Spain more resilient<\/strong> than ever&#8221;.<\/p>\n<p>&nbsp;<\/p>\n<p>On the same social network, <strong>S\u00e1nchez<\/strong> welcomed the European contribution and said: &#8220;We continue to move towards <strong>a greener, digital, feminist and cohesive country<\/strong>, setting in motion the major transformations that our economy needs&#8221;.<\/p>\n<p>&nbsp;<\/p>\n<p>Also from Cadiz, <strong>the First Vice-President of the Government and Minister for Economic Affairs and Digital Transformation, Nadia Calvi\u00f1o<\/strong>, welcomed the news to the press, which she described as &#8220;very important and positive&#8221;, adding that it &#8220;<strong>confirms the support of the European Commission&#8221; for the government&#8217;s economic programme.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>According to Calvi\u00f1o, the Recovery Plan will boost the modernisation of the economy and contribute &#8220;to overcoming the structural deficiencies&#8221; that Spain has been carrying over from the previous crisis, that of 2008, reports Europa Press.<\/p>\n<p>&nbsp;<\/p>\n<p>The Vice-President recalled that <strong>this first payment of 9,000 million is equivalent to 13% of the total transfers that Spain will receive (70,000 million), to which another 70,000 million will be added until 2026.<\/strong> &#8220;This is unprecedented European support, which is equivalent to the transfers we have received from structural funds in the last 30 years,&#8221; he said.<\/p>\n<p>&nbsp;<\/p>\n<p>Although Spain has been allocated some 140 billion in transfers and credits, the government has so far only requested the non-refundable part.<\/p>\n<p>&nbsp;<\/p>\n<p>Calvi\u00f1o stressed that Spain is emerging from the crisis &#8220;very differently&#8221; from the previous one, with &#8220;intense economic growth&#8221; that is translating into strong job creation, as demonstrated, she said, by the data published yesterday by the Ministry of Social Security, which indicate that the level of pre-pandemic employment will be recovered by the end of August.<\/p>\n<p>&nbsp;<\/p>\n<p>He also referred to the publication by the Bank of Spain of the public debt figure for June, which has fallen to 122% of GDP, thanks, he said, to this &#8220;intense&#8221; economic growth.<\/p>\n<p>&nbsp;<\/p>\n<p>With this &#8220;positive news&#8221; in hand, Calvi\u00f1o stated that efforts must be concentrated on the Recovery Plan. &#8220;We have not been standing still waiting for those 9 billion. We have been preparing this Plan for a year now and we have already begun to deploy investments&#8221;, she assured.<\/p>\n<p>&nbsp;<\/p>\n<p>In this sense, <strong>she stated that more than 7 billion euros have already been distributed among the autonomous communities<\/strong> so that they can begin to undertake the investments of the Recovery Plan and that tenders have already been launched for the major railway works.<\/p>\n<p>&nbsp;<\/p>\n<p>The Vice-President reiterated that the Plan&#8217;s investments &#8220;will accelerate&#8221; in the second half of the year and will be concentrated above all in the 2022-2023 period, when 80% of the planned transfers will be received.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spain yesterday received the first \u20ac9 billion of the recovery plan approved by the European Union, representing 13% of the nearly \u20ac70 billion requested<\/p>\n","protected":false},"author":1,"featured_media":58436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[106,158,159,162],"tags":[],"class_list":["post-74364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frontpage","category-frontpage-en","category-news","category-the-world-in-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brussels transfers the first 9 billion of the recovery plan to Spain - thediplomatinspain.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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