EU preliminarily approves Italy's request for 21 bln euro disbursement

The European Commission has approved a positive preliminary assessment of Italy's request for a disbursement of 21 billion euros under the recovery fund on Monday. "The Commission found that Italy has achieved all 45 milestones entirely related to this request," an EU spokesperson told reporters. The assessment has been sent to the EU's Economic and Financial Committee which will deliver its opinion within the next four weeks.

The European Commission approved a positive preliminary assessment of Italy's request for disbursement of 21 billion euros under the recovery fund on Monday. "The Commission found that Italy has achieved all 45 milestones entirely related to this request," an EU spokesperson told reporters.

The assessment has been sent to the EU's Economic and Financial Committee which will deliver its opinion within the next four weeks. "The commissioner will then adopt a final decision after which the disbursement can take place."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)