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European recovery facility (or difficulty) and resilience? | Opinion

The European Recovery Fund and its modus operandi appear to have become more complicated as more and more details become known. It has even changed its name: nearly 90% of the European Recovery Fund will be available through a European Recovery and Resilience Facility (or instrument), although the Portuguese government insists on avoiding the word “facility” and the European authorities He has come to call the initiative ‘Next Generation EU’, language that will not help European citizens better understand its purpose. It remains to be seen whether the process of specifying the details of this facility will result in program efficiencies.

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