Jorge Valero Hungary and Poland blocked the approval of the EU’s seven-year budget and the recovery fund totalling €1.81 trillion, as both countries continued to oppose the rule of law mechanism attached to the EU funds. The veto – which could still be overcome at the level of EU27 national leaders – further complicates the […]
Lire la Suite...
Jorge Valero The Commission is going to great lengths to stress that the proposed recovery fund will not be a bailout programme. “This is not an adjustment program with a different name,” the Commissioner for Economy, Paolo Gentiloni, said in May. We are not back to troïka times. The EU executive even avoids using the word “conditionality” […]
Lire la Suite...
Beatriz Rios Germany’s decision to take full advantage of the EU’s relaxed state aid rules could be “a locomotive” for Europe but a strong recovery fund is needed to avoid distortions in the internal market, EU competition chief Margrethe Vestager told MEPs on Monday (4 May). In mid-March, the European Commission announced a loosening of […]
Lire la Suite...