Three-quarters of Next Generation EU payments will have to wait until 2023. 10/06/2020
Bruegel - Brussels
2020
epidemic disease ; economic recovery ; EU Governance ; European Union
European Union
English
"Because of hurdles in designing, approving and implementing European Union programmes, less than a quarter of the €438 billion in grants planned under the new EU recovery instruments is expected to be spent in the next two and a half years, when recovery needs will be greatest. Well-functioning financial markets can help bridge the gap between urgent spending needs and late-arriving EU disbursements, but more effort is needed to frontload EU payments."
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