Italy is set to get the first tranche
of European Union funds for its 200-billion-euro post-COVID
National Recovery and Resilience Plan (NRRP), European
Commission President Ursula von der Leyen tweeted Wednesday.
"Buone notizie per l'Italia", she said in Italian, meaning "Good
news for Italy".
"The first payment under #NextGenerationEU - €21 billion for
Italy - is now on its way. Complimenti all'Italia.
#NextGenerationEU is the opportunity of a generation," tweeted
the EC chief.
Under the NextGenerationEU programe, the first time the EU
members have mutualised debt, Rome is getting the biggest single
lot of a vast fund to revive economies after the COVID pandemic.
Rome is implementing key reforms in exchange for the cash
including cutting red tape and speeding snail-paced justice to
make the country more attractive for business.
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