[Opinion] Court of Auditors: EU Mismanaged COVID Recovery Funds

The European coronavirus recovery fund of more than €750 billion is under heavy fire. According to a new report from the European Court of Auditors, it lacks transparency, control and concrete results. Member states received billions of euros for projects that are often not even completed – or will not be completed.

European Court of Auditors slams EU's Covid Recovery Fund - Brussels Report

The European Court of Auditors has published a comprehensive review, summarizing several opinions and reports related to the design, control framework and implementation of the EU’s Covid recovery scheme, mostly composed of the Recovery and Resilience Facility (RRF), which was established in February 2021. The European Court of Auditors in Luxembourg, the EU’s financial auditor, has no legal powers to affect policy but it is oriented at improvin…

The recently established European Public Prosecutor's Office (EPPO) has started legal proceedings against the European Court of Auditors (ECA). The two EU institutions are at loggerheads. The official reason is that the Court of Auditors has been obstructing an investigation into the misuse of EU funds by its members for years. But rumour has it that the European Commission and other EU institutions are not so happy with critical reports on the …

Court of Auditors: EU Mismanaged COVID Recovery Funds

The European Court of Auditors (ECA) has raised serious concerns about the EU’s handling of its post-COVID recovery fund, accusing it of enabling preferential treatment among member states and withdrawing funds without clear justification. These funds were easily used for political blackmail rather than economic reimbursement.The Recovery and Resilience Facility (RRF), created in the aftermath of the pandemic, offered EU countries €650 billion i…