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EU president Ursula von der Leyen announcing the EU Covid-19 recovery plan back in 2022. This year marked the halfway point review - funds must be spent by 2026 (Photo: European Commission)

EU's €723bn Covid recovery fund saw growth, but doubts remain

The EU Commission's €723bn pandemic economic reconstruction fund came up for its mid-term appraisal on Wednesday (21 February).

And perhaps unsurprisingly, commission officials gave the so-called Reconstruction and Resilience Facility (RRF) a favourable review.

"The RRF has succeeded in its immediate ambition: to help member states recover faster from the harsh social and economic impact of the Covid-19 pandemic," said trade commissioner Valdis Dombrovskis.

When purely loo...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

EU president Ursula von der Leyen announcing the EU Covid-19 recovery plan back in 2022. This year marked the halfway point review - funds must be spent by 2026 (Photo: European Commission)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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