There is an old adage in the world of official transparency that “sunlight is the best disinfectant”. But when it comes to Europe’s recovery transformation via the NextGenerationEU (NGEU) programme and related instruments, the Commission insists on conducting as much of it as possible in the dark. As concerns grow about both the effectiveness and even potentially corruption in the use of recovery funds, this lack of transparency is particularly worrying.
In 2020, at the height of the Covid crisis, the EU embarked on a new path. It extensively borrowed money at capital markets and handed it out to member states. After two years of implementation, it is now possible to make some preliminary conclusions about how that money is being spent. Reading the reports and listening to the hearings in the European Parliament, it becomes abundantly clear that most of it has very little to do with European policies. Rather, spending goes into mundane national budgetary expenditures that may be useful as such but have little genuine European value and little transformational potential. In a time with pressing common European needs, this is not how it should be.
13. September 2025
Giovanni Capoccia
12. September 2025
Anne Peters
12. September 2025
Anne Peters