The European Union (EU) has taken massive new steps to combat the economic crisis from the coronavirus crisis and lockdowns. The European Council came to an agreement to issue 750 billion euros in grants and low interest loans to the member states in need in an agreement called Next Generation EU (NGEU). The relief package has strengthened the image of the EU after a rough year so far. The relief package will have positive, negative, intended and unintended consequences that must be considered. Moreover, the amount might not be enough. This paper will look at the political and economical impacts on the EU and member states.
Policy Paper – Benjamin Rutledge, December 2020
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