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From the chronic under-investment facing Birmingham to a case study in dysfunction, this series explores the infrastructure challenges facing the UK
...By contrast, CDFIs and credit unions managed more than $150bn in the US in 2019, according to a report by social impact investor Big Society Capital, which is also backing the fund....
...Poland has already requested €7bn in recovery funds and it expects they will be disbursed this spring. Warsaw hopes to receive a total of €23bn in recovery funds this year....
...For all the instances of alleged waste and fraud, the recovery fund has worked as intended....
...But with EU funds worth 17 per cent of GDP earmarked for its reconstruction and recovery, and a highly regarded government in place, the country may well produce sunny newsflow in the coming year, too....
...The recovery fund was intended to give Europe the means to keep pace in that contest — but some question the desire....
...Chart du jour: Greek tragedy Greece’s strong economic recovery has made it one of the best performers in the eurozone....
...A new study suggests the UK consulting market is set to flatline this year over an uncertain political and economic outlook....
...For instance, a true banking and capital markets union would help investment and savings flow between the north and the south....
...The IPO market’s nascent recovery isn’t nearly enough to refill the hopper or warrant recruiting an army of new analysts....
...Under the recovery fund’s design, disbursements depend on whether national governments meet targets set by the European Commission, often involving the passage of legislation....
...In the pandemic, they showed strategic thinking by creating the Recovery and Resilience Facility, a separate one-off budget almost as big as the regular one....
...the bloc’s post-pandemic recovery fund....
...It also calls for the EU’s €800bn post-pandemic recovery fund to be put to work funding energy infrastructure including carbon capture and storage “as soon as possible”....
...Warsaw hopes that resolving its dispute will unlock €136bn in EU funding, including €60bn from the post-Covid recovery fund....
...A scoop to start: The head of one of Europe’s biggest business lobby groups has warned that red tape has hamstrung the EU’s post-pandemic recovery fund and made it “very, very difficult” to access, resulting...
...The European Commission also made this reform a prerequisite for unfreezing EU pandemic recovery funds worth billions of euros that were blocked in a rule of law dispute with the previous Polish government...
...In total, Poland is expected to receive some €60bn of the EU’s recovery fund....
...Greece’s credit rating was lifted to investment-grade status in September for the first time 13 years, underlining the country’s economic recovery....
...The EU’s Covid recovery fund that came into force in February 2021 was meant to jolt ailing economies out of lockdown-induced recession as well as provide investment for priorities such as climate change...
...Orbán has demanded that the EU unfreeze all of the funds it has withheld, including Covid-19 recovery funds, structural funds and the additional energy reform funds....
...So the market share of German companies “in China for China” may not be easy to sustain....
...One critical sticking point is the “retention”: the level of losses that insurers agree to fund before reinsurance kicks in....
...Chart du jour: Recovery fund report card Halfway through the implementation period of the EU’s landmark post-pandemic recovery fund, has the €800bn debt-financed bazooka been a success?...
...What about the reforms supposedly launched in Italy to draw on tens of billions of euros in grants and loans from the EU’s post-pandemic recovery fund?...
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