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The Portuguese EU Council presidency is working so that the process of releasing the €750 billion from the EU’s post-pandemic Recovery Fund can be shortened by at least one month.
Minister of Foreign Affairs Augusto Santos Silva indicated the revised timeline on Tuesday (28 April) at the Commission of Economy, Innovation, Public Works and Housing of the Portuguese Parliament.
The minister defended his view that the deadlines for analysis and approval, either by the European Commission or the Council, should be shortened to July.
Portugal’s top diplomat recalled that a meeting of ECOFIN is scheduled for 18 June to analyse a first package of national plans.