EU watchdog: Not enough safeguards on pandemic recovery fund

EU watchdog: Not enough safeguards on pandemic recovery fund BRUSSELS (AP) — Insufficient checks and safeguards on how EU member countries spend a massive aid program designed to help them bounce back from the crisis caused by the COVID-19 pandemic are creating possibilities for fraud and mismanagement, the bloc's financial watchdog warned on Wednesday. AP NEWS

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The European Court of Auditors warned of an “accountability gap in protecting the European Union’s financial interests” as the 27 member states use 724 billion euros ($763 billion) to reinvigorate their economies, which took the biggest hit since World War II during the coronavirus crisis.

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