BRUSSELS, 26 June, 2021 (TON): At least 200 billion euros in green projects will be invested by the EU, when they help the economies recover from the Covid-19 pandemic; said the European Commission President Ursula von der Leyen.

The media reported that the EU's executive chief has just concluded her first leg of a tour of the 27 member states, endorsing their plans to spend the recovery fund for greener and more digital growth.

"At least they meet it, if not a lot of them overshoot it, and that is good. So we will have an investment of at least 200 billion euros in green measures just to name a few topics," she told reporters after a summit of the EU leaders.

The EU is ready to mobilize 750 billion euros on behalf of the 27 member states for a historic recovery package, known as NextGenerationEU, and it started raising funds on the financial markets last week.

"We have raised 20 billion euros with a maturity of 10 years. And it was seven times oversubscribed, which shows the trust and the confidence of the market in NextGenerationEU and the EU," von der Leyen declared.

However, the Council's approval of the plan would allow for the disbursement of a percentage in pre-financing, with the rest disbursed according to the satisfactory fulfillment of the milestones and targets.