The EU's cohesion funds, the bloc's financial instrument for reducing territorial disparities in its poorest regions, could be deployed to mitigate the impact of soaring energy prices, European Cohesion Commissioner Raffaele Fitto said in a letter to ministers on Thursday.
"It is critical to ensure these readily available EU funds are fully deployed in time to benefit the regions and communities that need them most, particularly in the context of the current energy price developments," reads the letter, seen by Euronews.
