Where did the EU’s Covid recovery money go? Auditors say it’s hard to tell (euobserver.com)

• EU auditors find transparency lacking for €577 billion recovery fund
• Unclear outcomes and ultimate beneficiaries
• Call for better reporting and oversight

"EU auditors have found it difficult to assess the impact of the €577 billion Covid recovery fund due to weak transparency rules. It remains unclear what specific outcomes were achieved and which entities ultimately benefited. The auditors call for improved reporting and oversight mechanisms."