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This article focuses on the European Union’s recovery programme from the perspective of its contribution to the Union’s objectives. It discusses the changes brought about in terms of the EU budget (size, financing, EU objectives), notably with respect to ana EU fiscal capacity, EU own resources and incentives on the revenue side. The recovery programme having been an EU-wide response to the coronavirus crisis, the article considers the interplay between the pandemic and the European Green Deal, and the importance of the latter as the new EU policy framework. Finally it looks at the recovery programme as a crisis exit strategy, also for other crises.
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EU budget NextGenerationEU EU own resources COVID-19 pandemic European Green Deal