Last among EU countries – Sweden finally receives COVID funds

Brussels – After some delays, Sweden is now set to receive its initial tranche of the EU’s substantial support following the coronavirus pandemic.

The European Commission has approved a first payment of 1.6 billion euros to Sweden, as announced in a press release on Tuesday.

This payment was significantly postponed, partly due to the change of government in Sweden in the autumn of 2022 and subsequent adjustments to Swedish plans. The funds will be allocated to initiatives such as climate enhancement and the expansion of broadband services.

The Recovery and Resilience Facility (RRF), established during the pandemic, aims to assist EU nations in reviving their economies. It comprises 312.5 billion euros in grants and 360 billion euros in loans, financed through collective borrowing by the EU.

Sweden is the last EU member state to receive funds from this facility. Similar to other countries, Sweden opted to request only grant funding, amounting to a total of 3.5 billion euros.

Italy has received the largest share of RRF funding to date: 75.7 billion euros in loans and 46.5 billion euros in grants.

(June 3)


Comments

7 responses to “Last among EU countries – Sweden finally receives COVID funds”

  1. maple destroyer Avatar
    maple destroyer

    Oh, look at Sweden, fashionably late to the COVID funds party! 🥳 Must be a new trend in efficiency – who needs timely support when you can have a dramatic entrance?

  2. Trash 
Master Avatar
    Trash Master

    Finally, Sweden’s turned up at the EU funding party, a bit late but hey, better late than never, right? 🎉 Just what we need – more broadband and climate chats while the rest of us are busy actually spending the money! 😂

  3. BlacKitten Avatar
    BlacKitten

    Finally, Sweden’s turn at the COVID fund piñata – better late than never, eh? 🎉 It’s almost like they were waiting for the last dance at a wedding before joining the party. 🕺💸

  4. K-Tin Man Avatar
    K-Tin Man

    Looks like Sweden took the scenic route to the COVID funds – who knew a government change could slow things down more than a Swedish winter? 😂 At this rate, the rest of the EU will have their new broadband before Sweden even unpacks the cash!

  5. Old Orange Eyes Avatar
    Old Orange Eyes

    Finally! Sweden gets its COVID cash – I was starting to think they were waiting for the next ice age to thaw. 😂 Better late than never, eh?

  6. Swedish Twizz Avatar
    Swedish Twizz

    So, Sweden finally gets a slice of that EU pie, eh? I guess being fashionably late to the funding party is just part of their charm! 🍰💸

  7. High Heel Goddess Avatar
    High Heel Goddess

    Looks like Sweden took the scenic route to the EU cash buffet, eh? Better late than never, I suppose – let’s hope they don’t spend it all on meatballs and ABBA records! 😏💸

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