Germany Says Delays in EU Recovery Fund May Be ‘Unavoidable’

(Bloomberg) — Germany warned that disputes over the governance of the European Union’s virus recovery fund make it almost inevitable that it won’t be operational by the Jan. 1 target date, raising the risk of setbacks in the flow of much-needed funds to the continent’s battered economies.



a group of people sitting at a table: Partition screens set up for social distancing measures divide customers eating and drinking on an outdoor restaurant terrace in Munich, on Sept. 24.


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Partition screens set up for social distancing measures divide customers eating and drinking on an outdoor restaurant terrace in Munich, on Sept. 24.

“Delays with consequences for Europe’s economic recovery will most likely be unavoidable,” German ambassador to the EU, Michael Clauss, said in a WhatsApp message sent from his spokesman. Germany, which holds the rotating presidency of the EU until the end of the year, is coordinating talks related to the bloc’s 1.8 trillion-euro ($2.1 trillion) recovery fund and long-term budget.

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EU governments are split over tying disbursements from the jointly financed economic recovery package with the adherence

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