Controversy Over Brussels' COVID Recovery Fund Reveals Lack of Transparency
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Politics
May 6, 2025 17:07
luxembourg - European Rekenkamer criticizes Brussels' 800 billion euro COVID recovery fund for unclear fund allocation and mounting debt pressure on future EU budgets.
Controversy Over Brussels' COVID Recovery Fund
A recent report by the European Rekenkamer scrutinizes Brussels' 800 billion euro COVID recovery fund, pointing out a lack of transparency in fund allocation and raising concerns about mounting debt pressure on future EU budgets.
Criticism and Findings
The European Rekenkamer highlighted several critical points...
Debt Repayment and Future Budgets
The repayment of the massive debt remains uncertain...
Brussels' Response
The European Commission defended its actions...
New Joint Loan for Defense Investments
Brussels is currently working on a new joint loan of 150 billion euros...