Lisbon, Feb. 18, 2021 (Lusa) - Portugal's Prime Minister, António Costa, signalled the start as of Friday of formal negotiations with the European Commission of the national recovery and resilience plans, after the regulation of this mechanism was published on Thursday.
Costa considers that "it is time to take this vitamin of economic recovery to the citizens and businesses" of the European Union.
Today, in an article published in the newspaper Diário de Notícias, António Costa once again called for the participation of all Portuguese in the public consultation of Portugal's Recovery and Resilience Plan (PRR), which "will allow the country to recover and accelerate the future".
" The Regulation of the Recovery and Resilience Mechanism is published today in the Official Journal of the European Union. This fulfils one of the first objectives of the Portuguese presidency of the Council of the European Union to set in motion the "bazooka" with which the European Union is mobilising to effect the vitamin that we are so eagerly awaiting," he stresses.
According to the Prime Minister, the greatest feature of the Recovery and Resilience Mechanism is to respond to a serious economic crisis with structural reforms and investments for the future.
"Therefore, it should not be confused with emergency response instruments, such as the SURE in terms of support for employment, nor with the traditional multiannual financial framework with implementation spread out over a decade. Hence the demanding implementation schedule and the strong thematic focus on resilience and on the climate and digital transition", he says.
Portugal's Recovery and Resilience Plan, in order to access post-crisis EU funds, provides for 36 reforms and 77 investments in the social, climate and digital areas, totalling 13.9 billion euros in subsidies.
After a draft submitted to the European Commission last October and a process of talks with Brussels, the Portuguese government on Tuesday placed the preliminary and summarised version of the RRP in public consultation.
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