Next Generation EU: Why We Should Be Concerned about the Recovery Plan

Governments around the world reacted to the pandemic situation in similar fashion. Costly economic stimulus packages popped out, undermining the role of decentralized reaction from the bottom and strengthening state’s role in economy. European Union introduced the EUR 750 billion worth Next Generation EU package. Next Generation EU and its crucial part, Recovery and Resilience Facility, promise to bring an era of growth and stability to the European Union and its 27 member states. Can this promise be fulfilled, and if so, at what cost?

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