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European Parliament gives go-ahead to Recovery and Resilience Facility

€ 672.5 bn in grants and loans to curb the effects of the pandemic

On Wednesday, European Parliament approved the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic.The regulation on the objectives, financing and rules for accessing the Recovery and Resilience Facility (RRF) was adopted with 582 votes in favour, 40 against and 69 abstentions. The RRF is the biggest building block of the €750 billion Next Ge...

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