Article - Covid-19 recovery: how the main EU instrument will work
Parliament and Council reached a provisional agreement on the instrument in December 2020.
- Parliament and Council reached a provisional agreement on the instrument in December 2020.
- It will offer large-scale support to EU countries for the investments and reforms needed to mitigate the economic and social consequences of the pandemic and to prepare the EU economies for a sustainable, digital future.
- The grants will amount to 312.5 billion in 2018 prices (the actual amount will be adjusted upwards to take account of inflation).
- EU recovery money will go to EU priorities.