By property expert Mark Stucklin IN the wake of Covid-19 the EU launched the NextGenerationEU recovery plan with €807 billion to help economies recover from the pandemic. This was aimed especially at the hardest-hit countries like Spain, which suffered a real decline in GDP of 11.2pc in 2020, compared to an EU average of 5.6pc. “NextGenerationEU is more than a recovery plan – it is a once in a lifetime chance to emerge stronger from the pandemic, transform our economies and societies, and design a Europe that works for everyone….making Europe healthier, greener, and more digital,” explains the official website.
Spain’s infamous bureaucracy has turned an EU-funded €15.4bn plan to renovate the country’s housing stock into a ‘disaster’, writes property expert Mark Stucklin
