Italy Faces Barriers to Obtain About €90 Billion in EU Funds
- Meloni having trouble getting beyond fourth payment tranche
- Pace of reforms is slowing due to red tape, inflation
Pedestrians cross Piazza Venezia in downtown Rome, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
The government of Prime Minister Giorgia Meloni will likely have trouble accessing about half of Italy’s share of recovery funds from the European Union as bureaucracy, inflation and technical difficulties slow projects down.
Rome will probably obtain the next, fourth installment worth €16.5 billion ($17.7 billion), though there may be some delays in meeting project targets, according to people familiar with the matter.