Spain will receive 7,700 million more from European funds for having suffered a greater than expected impact of the pandemic

7,706 million euros more than expected for Spain. Why? Because the blow of the crisis caused by the coronavirus has been deeper and is being more prolonged than expected. The European Commission has updated its calculations this Thursday with data from Eurostat. Initially, it distributed among the 27 the part of transfers and subsidies of the package of 750,000 million of recovery funds. In other words, it distributed 70% of the 337,969 million euros. And he left for later the distribution of the remaining 30%. In total, Spain was supposed to have an amount of 69,528 million euros in transfers and subsidies. But, according to data published this Thursday by Brussels, the amount rises to 77,234,071. That is to say: 7,706 million euros more than expected.