EU's Covid recovery fund was 'absolutely a success': European Court of Auditors' Pierre Moscovici

“EU's Covid recovery fund was 'absolutely a success': European Court of Auditors' Pierre Moscovici”

2020 was an annus horribilis. Covid stalked the land. Lockdowns, curfews and social distancing were the order of the day. But there was a silver lining: European countries showed themselves to be capable of great solidarity, jointly procuring vaccines and then agreeing on a mammoth post-Covid recovery fund, the Recovery and Resilience Facility (RRF). That fund has disbursed €450 billion in grants and loans to EU member states since 2021. As the RRF enters its crucial final phase, we take stock…