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MNI BRIEF: EC Dombrovskis Eyes Changes To Speed NGEU Payouts

(MNI) LONDON
(MNI)Brussels
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The European Commission will soon propose "a few practical improvements" to speed disbursements of NGEU funds to EU states, EC Vice President Valdis Dombrovskis said Tuesday.

Dombrovskis said that the improvements would cut the "administrative burdens" of implementing the EUR800bn post-pandemic recovery instrument, for which NGEU has been frequently criticised and blamed as a key factor in the sluggish absorption of funds in states like Italy and Spain.

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The European Commission will soon propose "a few practical improvements" to speed disbursements of NGEU funds to EU states, EC Vice President Valdis Dombrovskis said Tuesday.

Dombrovskis said that the improvements would cut the "administrative burdens" of implementing the EUR800bn post-pandemic recovery instrument, for which NGEU has been frequently criticised and blamed as a key factor in the sluggish absorption of funds in states like Italy and Spain.

Keep reading...Show less