May 18, 2024
Funds

€500B remains unspent from EU’s Covid recovery fund – POLITICO

Several countries — especially those that can borrow at low cost from financial markets — are reluctant to carry out unpopular domestic reforms in exchange for loans which they will have to eventually hand back to the Commission. An EU official said the Commission introduced stricter checks as a sop to frugal governments, mainly countries

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Finance

Bulgaria’s Euro Bid May Be Pushed Off, Finance Minister Says

(Bloomberg) — Bulgaria’s finance chief said the government’s bid to join the euro is on course, but may be pushed off by a matter of months as it seeks to meet the criteria for adoption next year. Most Read from Bloomberg Finance Minister Assen Vassilev said the Black Sea nation would request an extraordinary assessment

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