Percorso:ANSA > Nuova Europa > Croatia > Recovery fund: FT, ECB asks EU to make it permanent

Recovery fund: FT, ECB asks EU to make it permanent

Greece, Bulgaria, Croatia could be biggest net beneficiaries

24 September, 12:22
(ANSA) - BELGRADE, 24 SET - The European Central Bank (ECB) has suggested to the European Union to make the so-called Recovery fund permanent, the Financial Times revealed, saying that information from the BCE reveal that Croatia, Bulgaria and Greece would be the fund's greatest beneficiaries, as net recipients.

The fund's centerpiece, i.e. 390 billion euro of grants, "would provide a net benefit worth more than 10 per cent of the pre-crisis Croatian and Bulgarian economies and almost 9 per cent for Greece," the ECB estimated in a note, the Financial Times reported. The scheme "ensures stronger macroeconomic support for more vulnerable countries", the ECB noted.

The heaviest net losers include countries that initially opposed the fund. Austria, Denmark, Sweden and the Netherlands will lose out on a net basis by nearly 2 per cent of pre-pandemic GDP, as will Germany, according to the Financial Times. (ANSA).

© Copyright ANSA - All rights reserved