Germany Expects Around 28 Billion Euro From EU COVID-19 Recovery Fund
Germany expects to receive around 28 billion euros from the European Union’s 750 billion euro recovery fund, designed to kick-start the bloc’s economy after it was hit hard by the COVID-19 pandemic, a government source told Reuters.
The German Cabinet on Tuesday agreed to a plan presented by Finance Minister Olaf Scholz on how to spend the money, the source said.
According to Scholz’s plan, 90% of the money is to go toward climate protection and digitalization, surpassing the EU’s respective targets by far.
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