South West Florida

Resilience System


EU’s Covid recovery fund under pressure to allocate unused funds

Primary tabs

EU’s Covid recovery fund under pressure to allocate unused funds

BRUSSELS — Governments have received less than a third of the EU's original €723 billion pot to help boost post-Covid economic recovery and are now heaping pressure on the European Commission to speed up payments.

Countries are demanding the Commission slash the mountain of red tape that is preventing them from getting their hands on their share of Recovery and Resilience Facility (RRF) cash or discouraging them from applying in the first place — sparking fears they will miss out on huge amounts of money when the initiative expires in 2026. It comes as the fund is mired in a corruption scandal with Italian police arresting more than 20 suspects across the EU as part of an investigation into fraud of more than €600 million.

...

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 
Groups this Group Post belongs to: 
- Private group -
Workflow history
Revision ID Field name Date Old state New state name By Comment Operations
No state No state
howdy folks
Page loaded in 0.394 seconds.