Central planning, misallocation of resources, poverty, huge mistakes, EU politics at its worst: the 1 trillion public spending by a one connivent bureaucrats bank

https://www.gisreportsonline.com/a-trillion-euros-on-the-wrong-policy,economy,3073.html

How can it be possible? I am asking the question about the least probable amount of just 1 trillion euros spending on green policies. It is impossible to figure out this amount in term of rational studies and evidence.
Just to welcome the new EU president Ursula von der Leyen?  Perhaps.

The second point, it is impossible to figure out the investments and their rationale.

The third point is the verticality and monopoly. A bureaucrats bank will decide. it is unbelievable that MP dealt on this scheme. A decision of 1 trillion euros magnitude in the hands of bureaucrats who will never be accountable for their choices.


"GDP in Euro Area is expected to be 14800.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area GDP is projected to trend around 15900.00 USD Billion in 2020, according to our econometric models."
1/16 of the EU GDP will be spent by bureaucrats.

Power without accountability