Brussels unlikely to approve Portugal’s ‘bazooka’ funding by June

Brussels is unlikely to approve Portugal’s bazooka funding (Plan for Recovery and Resilience) before June, writes Expresso today. Prime minister António Costa had hoped for approval in time for the ECOFIN meeting of EU finance ministers on June 18, and during Portugal’s presidency of the Council of the European Union. But Europe’s economy minister Paolo Gentiloni has said this is moving too fast, and won’t give the stipulated two months allowed for full scrutiny of the plan.