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EU Recovery Fund at Risk of Delay as Officials Clash in Romania

From bnnbloomberg.ca

Bickering in the European Union’s most politically volatile member state is threatening to delay the approval of the bloc’s 800 billion-euro ($973 billion) pandemic-relief package. Romania’s ruling coalition and opposition are far from a consensus on ratifying the Recovery Fund this month in parliament, where a two-thirds majority is required. The country is one of seven EU states yet to sign off on the financing and allow disbursements to coronavirus-battered economies to start. The bloc wants all national parliaments to ratify the decision by June. Only once all 27 national legislatures have signed off can the ... (full story)

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