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“Spain has made sufficient progress in implementing its national NextGenerationEU plan. Therefore, the first EU country will receive a payment worth 10 trillion, once the other of it is scheduled,” said the EC president , Ursula von der Leyen on Twitter.

The Commission’s preliminary preliminary evaluation. This will Spain receive the money. The amount will then be added to the advance of 9 billion euros that it received in August.

Spain was the first country in the EU to request a regular payment from the Community Recovery Fund last month. This fund will receive €69.5 billion in direct transfers until 2026. Spain can once again receive the same amount of loans, which the country has not yet requested.

The €10 billion payout was dependent on the income of 52 targets of Spain’s recovery plan since February 2020. That’s why the EC was able to sell the application quickly, the institution said.

“Europe positively appreciates the fulfillment of the first 52 milestones,” said Spain’s President Pedro Sánchez. “We are moving towards fair, sustainable and inclusive reconstruction. in a tweet which was published shortly.

The first vice-president of the government and minister of the economy and digital transformation, Calvi, said in a statement that the funds of the funds “increased the trust and good cooperation with the European partners”.

The first country out of 27 to receive the money

Achieved objectives include the law on climate change and energy transition, the reform of the minimum income system, the new interim law to reduce temporary work in the public sector, or the strategy to promote the 5G network.

“The intended targets are important steps in the implementation of Spain’s recovery and resilience plan and its broad reform agenda,” the European Commission said, starting with “close cooperation” between Brussels and Madrid.

“In these uncertain times, today we are sending a signal of confidence in the implementation of Spain’s ambitious plan to achieve confidential growth” Gentiloni.

Semi-annual payments

The step taken to actually receive it is for the EU’s Economic and Financial Committee to positively base the Commission’s report within four weeks, later the Commission approves the final disbursement. Theoretically, financial resources could be in before the end of this year.

The disbursement by the EU will be made once Spain demonstrates that the targets implemented with Brussels have been met.