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- EU recovery fund risks delays with spending plans judged sub-par
EU recovery fund risks delays with spending plans judged sub-par
Bloomberg reports that the European Union’s pandemic recovery fund has run into early trouble, with the bloc’s executive arm judging that most of the national spending plans submitted so far still need work to get approved, raising the risk of delays in disbursements to some of the region’s battered economies.
Germany’s submission is among those deemed to fall short of expectations, with southern European nations Greece and Spain having the strongest plans, according to officials familiar with the discussions who asked not to be identified. Some countries haven’t made proposals at all yet, and others are way behind, they said.
The German government is in talks with the Commission to reduce some of the hurdles to investment in its plan, one official said.
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