EU chief to launch recovery fund in Lisbon, Madrid ...Middle East

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LISBON: European Commission chief Ursula von der Leyen visits Lisbon and Madrid Wednesday where she will begin approving recovery plans submitted by nations seeking funding from the bloc’s coronavirus recovery fund.“This is a historic achievement,“ von der Leyen told the European Parliament last week in announcing the imminent activation of the landmark 750-billion-euro (RM 3.7 trillion) recovery plan which was drawn up nearly a year ago.The choice to start in Portugal and Spain is symbolic.Portugal, which currently holds the EU’s six-month rotating presidency, has made the rapid adoption of these recovery plans a priority following their recommendation by the Commission.And the government o

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