What do we know about the pandemic rescue fund splashed with corruption?
By
Núria Rius
2h ago
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AraWhat do we know about the pandemic rescue fund splashed with corruption?ara.catThe covid-19 pandemic blew up part of the economic postulates that had prevailed in Europe since the financial crisis. Thus, for example, member states agreed to approve European funds Next Generation, that just end this August; but there was also consensus on suspending fiscal rules. To both of these was added an element: the European Commission's relaxation of EU rules on state aid. Thanks to this, the Spanish government was able to create in July 2020 the Fund for the Support of the Solvency of Strategic Companies (FASEE, in its Spanish acronym), conceived as a kind of rescue fund and managed by the State Industrial Participations Society (SEPI), an entity dependent on the Ministry of Finance. Six years later, what was the most desired pandemic measure for some companies is experiencing a reputational headache: the shadow of corruption pursues it.
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