EU southern member states should spend the money from the Recovery Fund “properly” so paymaster northern EU states do not say it was a bad move, Enrico Letta told EURACTIV Italy. He also backed the new German government’s push for a federal Europe. “If Italy failed on this, it would be a disaster for Europe. He stressed that it would be a strong counterargument against public investment plans at the EU level and noted that structured public investments were needed. He added that the EU recovery fund could mark the beginning of an EU tax system.

Source: The North Africa Journal December 13, 2021 05:43 UTC