Seven EU Member States, including Spain, will receive advance payments from the Solidarity Fund to mitigate the consequences of the coronavirus pandemic.
-
Aid from the Solidarity Fund
-
Germany, Ireland, Greece, Croatia, Hungary and Portugal will also receive advances to cope with the health emergency
On Monday, Budgets Committee Members approved €823 million in EU aid for the Croatia earthquake, floods in Poland, and the coronavirus crisis.
The €823 million in aid from the European Union Solidarity Fund (EUSF) will be distributed as follows:
- More than €132.7 million to be made in advance payments to Germany, Ireland, Greece, Spain, Croatia, Hungary, and Portugal in response to the major public health emergency caused by the COVID-19 pandemic in early 2020.
- Croatia will receive €683.7 million to help the country deal with the devastating effects of the earthquake in Zagreb and the surrounding area in March 2020. A first disbursement of €88.9 million was already released in August 2020.
- More than €7 million will go to Poland to assist with reconstruction efforts following floods in the Podkarpackie Voivodeship province in June this year.
EU Solidarity Fund modified in response to COVID-19
As part of the Coronavirus Response Investment Initiative (CRII), in 2020 the scope of the EU Solidarity Fund rules was extended, enabling the EU to help countries respond to major public health emergencies.
Overall, 19 EU countries (Austria, Belgium, Croatia, Czechia, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Poland, Portugal, Romania, Slovenia, and Spain) and three accession countries (Albania, Montenegro, and Serbia) have requested assistance in tackling the consequences of the COVID-19 crisis. Of these, seven countries requested the payment to be made in advance, which Budget Committee MEPs approved following a vote.
The advance represents 25 % of the total contribution. Spain will receive a total of EUR 67.38 million.
Next steps
The Council of Ministers approved the aid on 30 October. The draft reports still need to be approved by the full Parliament, after which the financial aid can be disbursed. The Commission is currently assessing the applications received. Once this has been completed, it will put forward a proposal to make the final payments.
Leave a Reply