Recovery Plan for the new generation
The European Union response to the pandemic’s economic consequences has been the unprecedented mobilization of 2.4 billion euro in resources. The largest slice of the pie – 672.5 billion – will be earmarked for financing the Recovery and Resilience Facility, half of which is to be disbursed in the form of subsidies and the other half in loans. The end of austerity and renewed Member State solidarity have made it possible for Italy to count on 200 billion euro in such subsidies and loans.