EU's Covid Recovery Fund a 'Success,' Says Auditor Pierre Moscovici

2020 was an annus horribilis, with Covid-19 lockdowns and social distancing dominating daily life. Yet amid the crisis, European countries demonstrated solidarity by jointly procuring vaccines and establishing the Recovery and Resilience Facility (RRF), a mammoth post-Covid recovery fund. Since 2021, the RRF has disbursed €450 billion in grants and loans to EU member states. As the fund enters its crucial final phase, European Court of Auditors' Pierre Moscovici assesses its impact. In this interview, Moscovici discusses the successes and challenges of the RRF, including its role in fostering economic recovery and resilience. He addresses criticisms and outlines lessons for future crises. The conversation provides valuable insights into how the EU navigated unprecedented challenges. FRANCE 24 English takes stock of the RRF's achievements and what lies ahead. This segment is essential viewing for understanding the EU's fiscal response to the pandemic and its long-term consequences.