Spain Gears Up to Convince EU It Can Spend Recovery Funds Wisely

Financial Post | Jun 29, 2020 at 9:29 AM
  • Spain may be about to access as much as 140 billion euros ($158 billion) if the European Union can agree on proposals to finance the bloc’s economic reconstruction next month and the government in Madrid is determined to show it can make the most of the windfall.
  • The nation wants to spend the European funds in projects that can boost jobs and economic growth while cutting greenhouse gas emissions.
  • Spain aims to reduce its greenhouse gas emissions to 20% below 1990 levels in 2030.