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EU: The magic is not in the numbers (but in the political precedent)

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The recently announced European Commission’s proposal for an EUR 750bn recovery fund sits next to its plan for a 2021-27 macro budget (MFF) worth EUR 1.1tn and alongside support measures already agreed and worth some EUR 500bn. An overall envelope of some EUR 2.4tn – much of it...

 

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EU: The magic is not in the numbers (but in the political precedent)

The recently announced European Commission’s proposal for an EUR 750bn recovery fund sits next to its plan for a 2021-27 macro budget (MFF) worth