In a new report published on Monday 12 June, the European Court of Auditors has stated that the European Commission’s debt management objectives are not clearly defined in the financing strategy for the post-Covid recovery instrument, NextGenerationEU, and is calling on the European executive to improve its reporting on how it manages this debt.
As part of the post-Covid recovery, the European Commission set up the largest ever investment and borrowing programme in June 2021. It intends...