“The European Commission has approved a positive preliminary assessment of the payment request of 1.16 billion euros presented by Portugal, of which 553.44 million euros are grants and 609 million euros are loans under the Recovery Mechanism and Resilience”, states the EC.
“With its request, the Portuguese authorities presented detailed and complete evidence that demonstrates the fulfilment of the 38 milestones and targets”, the EC adds.
In mid-January, the Minister of Finance, João Leão, signed the operational agreement for the Portuguese Recovery and Resilience Plan (PRR) in Brussels.
The European Commission specifies that at stake are “reforms in the fields of health, social housing, social services, investment and innovation, qualifications and skills, forestry, blue economy, bioeconomy, renewable gases (including hydrogen), public finance and public administration”.
“Several of these milestones also concern investments in the fields of infrastructure, decarbonisation of industry and digital education”.
It's a good thing the majority of peoples has no clue how and where these loans have to be spent. And these "newspapers" won't even try to explain...
https://ec.europa.eu/info/strategy/recovery-plan-europe_en
By Fred Doe from Algarve on 27 Mar 2022, 10:14
More new Mercedes will soon be seen on the roads.
By K from Other on 27 Mar 2022, 12:44
More debt for Portugal, making independence from EU control a greater impossibility.
And isn't it strange that the EU is funded by non-repayable payments from Germany, the Netherlands etc (and formerly the UK) then lends it at interest to Southern European countries, yet still Brussels is bankrupt.
By David from Algarve on 28 Mar 2022, 13:32
So here we go again. Enslaving the Portuguese through "loans" that can never be repaid. Credit given by Brussels is like giving an unemployed person a Gold Visa card. It sinks you further into debt and soon all of what is left Portuguese will no longer be Portuals but the rich elites. Joining the EU was and has been a disaster for Portugal, Ireland, Spain and Greece.
By Adnil Wood from Other on 28 Mar 2022, 13:36
Well it is quite amazing that some people around were still like to think that Portugal is a country full of corrupt people and that are incapable of ruining the EU loan without stealing or diverting the money . Well this people they should look first above all their country that isn't any better. And for information the councils in Portugal have a department that deals only with the EU funding and verify were is money goes and who and were is spend.
By Isabel Oliveira from Lisbon on 28 Mar 2022, 14:10