Spain Receives 140 Billion Euro Aid From The European Union, How To Spend Money Becomes A New Worry

Sep 24, 2020

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Spain's government has an unusual worry about how to spend the 140 billion euro new epidemic aid fund from the European Union, Reuters reported on the 21st.

Spanish government sources said, "there is no shortage of money, what is lacking is the idea of spending money.". Spain has been "politically paralyzed" for a long time. It has not passed the annual budget since 2016. Now it is hard to "digest" such a large budget. It is also a question of how to establish a sound mechanism to manage such a large amount of money.

Although the European Union has agreed to give Spain a large amount of aid, including grants and low interest loans, Spain needs to explain to the European Union how to spend the money before it actually gets the money, and the purpose must help prevent and control the epidemic situation and economic recovery, according to Spanish radio Catalonia 21. For example, if you want to build a church with money, it's OK to build a hospital. The application report needs to specify the location and scale of the hospital. After the EU experts' on-site investigation and professional evaluation think that the report content is true, the money will be paid in batches. The strict supervision mechanism also makes the Spanish government dare not take it lightly.