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Money from a flagship fund to support the European Union’s economic recovery in the wake of the Covid-19 pandemic is at risk of not reaching EU countries quick enough, the EU’s top budget and policy auditor warned on Monday. Halfway through the Covid-19 relief fund’s lifespan, “EU countries had drawn down less than a third of the planned funds,” Ivana Maletić, a lead auditor of the review, warned in a statement. The European Court of Auditors (ECA) said the slow speed is jeopardizing the fund’s objectives and highlighted “risks of funding absorption slowing further and projects not being compl…

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