Editorial: La Vanguardia

• The European Union approved the creation of the Recovery and Resilience Fund to assist member countries most affected by the pandemic.
• These funds, totaling nearly 800 billion euros, are to be distributed between 2021 and 2026, with Spain being one of the beneficiaries.
• The European Commission reminds that the deadline for executing the investments remains fixed without extensions.
• So far, only 225 billion euros have been disbursed, suggesting that a significant amount will still remain to be allocated by 2026.
• Access to the funds is expected to accelerate as the process progresses.
• The funds have contributed to the most seriously affected economies not experiencing speculation episodes against their debt.
• The Commissioner for Economy, Paolo Gentiloni, suggests that unused funds could be used in defence programs soon.

Conclusion: Even though the contribution of these funds to economic growth has been modest, for Brussels, the important thing has been the rapid recovery of the economy after the pandemic.

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