The European Commission has defended Spain against allegations of misusing €10 billion in EU recovery funds, stating it found no evidence of wrongdoing. The Commission's letter to MEPs dismissed claims by Spain's court of auditors regarding pension system and social expenditure financing.
Spain's alleged misuse of €10 billion in EU post-Covid recovery funds for pensions sparks outrage in Germany and the Netherlands, reigniting criticism of joint EU debt and sparking debate over fund transparency and controls.
A federal case over frozen crypto could determine whether DeFi recovery funds can be seized to satisfy unrelated judgments.
Incoming Hungarian Prime Minister Péter Magyar will travel to Brussels for urgent talks with EU officials to unlock billions in EU funds, as Budapest pivots to improve relation with Brussels and secure support for Ukraine.
