According to the European Council’s announcement on June 1, after the 27 EU members completed their approval procedures, the EU countries will officially launch the economic recovery plan in June, and the EU is now able to raising the recovery fund starting in June.

Calculated at current prices, the plan was to raise up to 800 billion euros from the international capital market from 2021 to 2026, which will be allocated to all EU members in a combination of grants and loans based on their economic recovery plans.