EU approves 191.5 billion euros in pandemic recovery funds for Italy

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  • FRANCE 24 English published this video item, entitled “EU approves 191.5 billion euros in pandemic recovery funds for Italy” – below is their description.

    The European Union’s executive Commission on Tuesday formally approved 191.5 billion euros ($228.5 billion) in #pandemic #recovery #funds for #Italy, the 27-nation bloc’s third-biggest economy. #EU commission chief Ursula #VonDerLeyen is on a European tour to mark approval of member state proposals.

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    In This Story: France

    France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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  • In This Story: Italy

    Italy is a republic in central Europe which forms a peninsula in the Mediterranean Sea as well as bordering France, Switzerland, Austria and Slovenia. The islands of Sardinia and Sicily form part of the main territory of Italy. Italy is part of the Eurozone, having entered the common currency on 1st January 1999.

    The capital, Rome, is home to the Vatican as well as landmark art and ancient ruins. Other major cities include Florence, with Renaissance masterpieces such as Michelangelo’s “David” and Brunelleschi’s Duomo; Venice, the city of canals; and Milan, Italy’s fashion capital.

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