EU recovery fund a 'risk' for German budget: Auditors
11 Mar 2021 / 22:21 H. Pix for illustration purposes. BERLIN: Germany’s federal audit office warned Wednesday that the enormous EU coronavirus recovery fund agreed last year poses a “significant risk” to Germany’s domestic budget amid growing debate over government borrowing in Europe’s largest economy. The 750-billion-euro (RM 3.6 trillion) deal hashed out by EU leaders last July was “in practice a pooling of debt” which “carries significant risk for the federal budget”, said federal audit office president Kay Scheller. “The financial effects will be felt deep into the...
Source: thesundaily.my