About: http://data.cimple.eu/news-article/d861f03c1faff3363c9e8fd14a37ee2799a7a712d0522a5c5cb16467

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About: http://data.cimple.eu/news-article/d861f03c1faff3363c9e8fd14a37ee2799a7a712d0522a5c5cb16467 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Spain said Tuesday it had started to allocate funds from the European Union's virus recovery plan to specific projects even though the emergency programme has yet to be ratified. The country is the second-biggest beneficiary after Italy of the EU's 750-billion-euro rescue plan for the bloc's virus-battered economies. It is due to receive 140 billion euros ($167 billion) -- half in direct payments, half in loans -- between 2021 and 2026. Socialist Prime Minister Pedro Sanchez said "regardless of when" Brussels will disburse the funds, "we have already earmarked 27 billion euros and we are already deploying them". The Spanish government will finance these projects until the EU delivers the recovery funds, he told a news conference. Among the projects his government will fund is a plan to provide direct subsidies for the purchase of electric cars which was approved by the cabinet on Tuesday. Approved in July 2020, the EU's virus recovery fund must be ratified by all 27 EU member states. Late last month, Germany was to sign off on the fund but was stopped by a last-minute legal challenge at its Constitutional Court. It was filed by five individuals who said the EU should not be pooling debt and that each member state should underwrite its own borrowing to pay for the stimulus. The Bank of Spain has lowered its forecast for economic growth this year to 6.0 percent, down from the 6.8 percent predicted in December, due to the slower-than-expected rollout of the EU's recovery fund. emi/ds/hmw/tgb
schema:headline	Spain earmarks EU virus funds despite ratification delay
schema:mentions	Government of Austria Direct Payments Prime Minister of Japan Spanish language Brussels Ebola virus disease Pedro Sánchez Spain Italy European Union United States Hypothecated tax Constitutional Court of Spain EMI
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	70 (xsd:integer)

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