European Commission critical of use of EU funds

The European Commission believes that Spain should be using European funds to invest in job incentives and the modernisation of small and medium-sized businesses rather than continually spending the money on building roads and carrying out endless infrastructure projects.

Although some of the road and infrastructure projects are considered useful, many fall into the category of ‘debatable’, according to the European Commission. The modernisation of businesses and an investment in people, on the other hand, is seen as necessary to increase the competitiveness of Spanish companies.

European institutions are working on a plan to help Spain improve the way it uses EU money to be assigned for the 2014-2020 period. The commission wants to guarantee that the funds will go to where they are most needed to help the country emerge from the crisis.

One only has to look at the upcoming roadworks in Vélez-Málaga which are to be funded under the Program for the Development of Agricultural Employment (Profea).

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