Insufficient checks and safeguards on how EU member countries spend a massive aid program designed to help them bounce back from the crisis caused by the COVID-19 pandemic are creating possibilities for fraud and mismanagement, the bloc's financial watchdog warned on Wednesday.
The European Court of Auditors warned of an “accountability gap in protecting the European Union's financial interests” as the 27 member states use 724 billion euros ($763 billion) to reinvigorate their economies, which took the biggest hit since World War II during the coronavirus crisis.
