Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Western EuropeJuly 19 2021

Supporting Spain's resilient recovery

Spain has a unique opportunity to rebuild its economy, but this relies on proper use of the imminent Next Generation EU funds.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Supporting Spain's resilient recovery

Spain will start receiving the first funds from the Next Generation EU (NGEU) programme in the next few weeks. It is essential that we hold an open debate on how to make the best use of these funds.

We cannot underestimate the importance of these funds for the future of the Spanish economy. The amount involved, being clearly material in size — at €140bn, it is equivalent to 11% of Spanish gross domestic product — is not the sole pertinent issue. The vital aspect is their potential use to transform the economy towards a greener, more digital one, as rightly prioritised by the European Commission (EC).

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial