Paolo Gentiloni is the European commissioner for economics. He attends a news conference on the quarterly economic forecast by the EU Commission in Brussels (Belgium) on July 14, 2022.
The European Union’s Economic Commissioner Paolo Gentiloni stated that Italy cannot afford to delay in implementing its post COVID rehabilitation program. This is as Italy goes to the polls for a new government.
Gentiloni was asked if it was possible for the EU-wide Recovery Programme changes to address the energy crisis facing the bloc. He replied that the program’s main objective was to achieve energy transition. The recovery plans that countries had accepted were not able to be modified.
He stated, “What we can’t afford is to stop starting over.”
He stated that for countries receiving large contributions, such as Spain or Italy the recovery plan is really a race for time.
Rome is entitled to EUR200billion ($199bn), or $205bn in loans and grants from the fund, which was established to help the 27 members of the bloc recover after the COVID-19 pandemic.
($1 = EUR1.0049)
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