The European Court of Auditors expressed its concern about the uncertainties related to the Brexit adjustment reserve fund in opinion No 1/2021 delivered on Monday 1 March.
The Court’s main source of concern is the lack of a framework around the pre-financing of the fund, which represents 80% of the €5 billion planned for 2021. The Court takes a dim view of the fact that Member States can obtain such large sums of money without having to provide the European Commission with...