Swift payment of €2.1 billion to Greece

Greece can look forward to an advance disbursement of €2.1 billion euros from the Next Generation EU fund, following Wednesday's approval of the plan by the European Commission, per the statement Brussels issued, and the ratification of the fund's charter by the European Parliament.

Greece ranks sixth among the 27 beneficiary member-states, as it stands to collect grants of €16.24 billion from the bloc's recovery fund.

In total the EU Recovery and Resilience Facility is set to disburse €672.5 billion in loans and grants for the support of reforms and investments that member-states undertake. The grants will come to €312.5 billion, with Greece collecting a share of about 5.2%. Most of that will be disbursed this year and next.

The EU chart shows Greece is among the countries that will benefit most in absolute figures, only trailing large states such as Italy,...