Yeah, I feel that a lot of EU projects work that way.
I've participated in a bunch of EU projects in the academic space. Most of them were catastrophic failures if you just looked at the direct outcomes (few of the lofty goals were actually achieved). But they did provide much needed funds to participating institutions, and I think they were an overall win.
They come with a lot of overheads (some had 10% or more of the funds go to a lawyer who managed the project). But they are a lot more effective than all the "unbureaucratic" Covid aid payments that mainly went to companies with close ties to political parties...
I've also known people who have participated in some EU funded research programs. The consensus among the researchers who apply for those funds is that you write whatever bs gets you the funding and then you do whatever research you were going to do anyway.
I've participated in a bunch of EU projects in the academic space. Most of them were catastrophic failures if you just looked at the direct outcomes (few of the lofty goals were actually achieved). But they did provide much needed funds to participating institutions, and I think they were an overall win.
They come with a lot of overheads (some had 10% or more of the funds go to a lawyer who managed the project). But they are a lot more effective than all the "unbureaucratic" Covid aid payments that mainly went to companies with close ties to political parties...