The EU Commission approves a €750B stimulus plan aimed at creating a “greener, more digital and more resilient” Europe

On 12 February 2021, the European Commission approved Regulation (EU) 2021/241, establishing the Recovery and Resilience Facility (“RRF”), the key component of the recovery instrument NextGenerationEU. This is the most ambitious economic stimulus plan in the history of the European Union, with around €750 billion aimed to create a “greener, more digital and more resilient” Europe. During the second quarter of this year, Member States (“MS”) have designed their own Recovery plans that have later