There is a risk EU countries will forget about repayable support, MEP Fernandes says
Faced with tight deadlines to programme recovery and new cohesion funds while still implementing projects from the previous budgetary period, EU countries may be tempted to forget about repayable Union assistance, warned Portuguese MEP José Manuel Fernandes, in which case a lot of cheap money would be left on the table. Countries across the bloc will have to programme 70% of €672.5 billion recovery fund — out of which only €312.5 billion are grants and the rest are loans — by 2022 and all projects have to be approved by 2026. At the same time, states will have to finish implementing ...
Source: euractiv.com