FILE PHOTO: A view of the market square amid the coronavirus disease (COVID-19) pandemic in Meissen, Germany, January 15, 2021. REUTERS/Fabrizio Bensch
BRUSSELS (Reuters) - The European Union's executive has warned this month that national plans so far for spending a record 1.8 trillion euros from the bloc's joint coffers to revive economies mauled by the COVID-19 pandemic were too poor to fly, sources told Reuters.
The chilling assessment, shared with EU envoys at a Jan.7, closed-door meeting the content of which was described to Reuters by three diplomatic sources, highlights the uphill battle the 27-nation bloc faces in spending so much money.
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