EU gives green light to Spanish, Portuguese recovery funding

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The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

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  • FRANCE 24 English published this video item, entitled “EU gives green light to Spanish, Portuguese recovery funding” – below is their description.

    The EU has approved spending plans by the Spanish and Portuguese governments, clearing the way for them to receive money from the bloc’s €750bn recovery fund. But how will the emergency funding work – and how will it be paid back? Also in the show, the Federal Reserve brings forward its timetable for interest rate hikes, as US inflation continues to rise. 

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    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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