The Prime Minister of Spain wants a large influx of funds from the European Union’s epidemic recovery fund that could transform the nation after the devastation caused by the epidemic.
BARCELONA, Spain (AP) – Spain’s left-wing government wants many waves of coronavirus to change the European Union nation after the economic devastation caused by the epidemic.
Spain’s £ 1.14 billion ($ 16 billion), half of direct payments, half of loans, will be lost and consumer spending cut after EU leaders adopted a plan for recovery to impose blocking sanctions on the European economy last year.
Spain’s socialist leader, Prime Minister Pedro Sánchez, has presented a plan that he hopes to invest in the next three years to directly support his coalition government ($ 3 billion). In line with EU priorities, they place a lot of emphasis on digitizing businesses and public administration, building green economies and increasing productivity while fighting gender inequality and ensuring that low-income rural areas of Spain are not left behind. .
“This is the biggest opportunity for Spain since it joined the European Union and it was 37 years ago,” said Sánchez. “These opportunities only come twice in a generation, and Spain does not let them pass.”
All 27 EU countries will deliver their coronavirus recovery plans to Brussels at the end of the month. Sánchez will present his plan to the Spanish parliament for the first time on Wednesday if opposition parties can advocate for a change.
Sánchez said his government has forecast an annual GDP growth of 2% for the economic injection of the country of 47 million nations whose economy contracted 11% last year. The first objective of the cost recovery funds is to compensate for the thousands of jobs lost in the epidemic, especially in the large Spanish tourism industry.
Sánchez, for his part, seeks to transform the country’s economy by increasing the use of renewable energy and other initiatives to combat the effects of climate change.
The more than 200 costly government initiatives include 13.2 billion euros (0.7 15.7 billion) to adapt Spanish roads to electric, hybrid and plug-in vehicles. Another 8.7 billion euros (6.1 billion pounds) will go towards improving the energy efficiency of homes and 3 billion euros (6.3 billion dollars) will be used to expand the use of renewable energy. Four billion euros ($ 4 billion) will ensure that a 5G mobile network is available across the country, including in rural areas.
In the short term, we want to boost the recovery of our economy. “In the medium term, we want to promote its complete transformation,” said Sánchez. The epidemic has more urgently made a transformation that was already needed.