University group calls for more transparency on EU Covid funds

Many national plans for bloc’s €750 billion fund are short on detail, EUA says

EU member state governments should be more forthcoming about how they intend to use their shares of the bloc’s €750 billion Covid-19 recovery fund, according to the European University Association.

The Next Generation EU fund has been devised to help the EU recover from the pandemic through investments and reforms. The largest part of the fund, the Recovery and Resilience Facility, has allocated €672.5bn to member states, which have been gradually securing their shares in recent months by getting their plans for reforms and investments signed off by the European Commission and fellow EU governments.