Portugal has today received the first tranche of long-awaited European ‘bazooka’ funding, to go on the PRR (plan for resilience and recovery) “NextGenerationEU” package. Belgium and Luxembourg have also received their first tranches of funding today, of €770 million and €12.1 million respectively. In other words, Portugal has received the largest pay cheque, working out at 13% of the €16.6 billion that will be on the way…
