The EU’s Disastrous Covid Recovery Fund Fiasco
The EU’s Disastrous Covid Recovery Fund Fiasco
A Financial Black Hole
The European Union is staring into a financial abyss as its much-touted Covid recovery fund has devolved into a morass of mismanagement, fraud, and wasteful spending. Unraveling the intricate web of where all the billions have gone will take years of arduous investigations by legions of auditors and forensic accountants. Sadly, the stark reality is that the vast majority of the misappropriated funds may never be recovered, lost forever to graft and corruption.