EU Auditors Raise Alarm Over Untraceable COVID Recovery Funds
The European Court of Auditors has sounded an alarm regarding the lack of transparency and oversight for billions of euros allocated from the EU's COVID-19 recovery funds. Auditors expressed concerns that reliable supervision of these funds is not guaranteed, with some funds potentially untraceable.
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EU auditors sound alarm over billions in untraceable Covid recovery funds
In a new report published on Wednesday, the European Court of Auditors said that it's difficult to trace how countries allocated part of the money. Thousands of recipients of the funds, including many businesses or big consortiums, are not identified.
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