Originally published by EUObserver
Last week, European leaders clinched a deal ending weeks of deadlock over Hungarian and Polish opposition to “rule of law” conditionality linked to EU spending. As a result, also the EU’s €750bn “recovery fund” will be unlocked.
Italy is projected to be the biggest recipient of the fund. It would receive about €200bn, 60 percent of it in cheap loans.
There are profound questions, however, about whether the windfall of cash will truly help Italy recover or whether it will cause more problems than it solves, for Rome and the rest of the eurozone.
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