Paschal Donohoe: Ireland to get €853m from EU rescue fund later this year

Chairman of Eurogroup finance minister says slice is 'fair share' of fund, as numbers on PUP near 460,000 this week

Finance Minister Paschal Donohoe said Ireland will get its "fair share" of the EU's Covid recovery fund and will receive it in the second half of this year.

Ireland will receive its initial €853m share of the EU’s Covid-19 recovery fund in the second half of this year, Finance Minister Paschal Donohoe has said.

The minister’s update on the fund came as new figures showed a 15% increase in weekly recipients of the pandemic unemployment payment (PUP), with almost 460,000 people in line for the payment this week.