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How has the more than €600 billion recovery plan revitalised Europe?
In 2020, the EU member states agreed on a €750 billion post-Covid recovery plan known as NextGenerationEU. This programme, for which the Commission will have disbursed €634 billion by the end of the year, is coming to an end.
AI Summary
The EU’s €750 billion NextGenerationEU post‑Covid recovery programme, launched in 2020, is nearing completion as the European Commission prepares to have disbursed €634 billion by the end of the year. The plan is winding down after delivering funds across member states. In Belgium, the national recovery package totals €5.3 billion, with more than half earmarked for the green transition, reflecting the broader emphasis on climate‑focused investments within the EU’s recovery effort.
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