Our Global Views team attempts to answer some of the questions often asked by our clients.
The Next Generation EU fund was agreed in July 2020 after weeks of acrimonious negotiations between EU member states which pitted the “frugal four” against the rest of the union. The €750bn plan, comprising €390bn in grants and €360bn in loans to member states, is actually built around a newly created €672.5bn instrument known as the Recovery and Resilience Facility (RRF), which was fully adopted by the European Council on 11 February 2021.
You can now read the full whitepaper at the link below
