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Grant them strength, or loan it: Europe’s historic deal

The Intelligence from The Economist

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Navigating EU's Recovery Package

This chapter explores a landmark agreement reached at a European Union summit regarding a 750 billion euro recovery package to address the fallout of the coronavirus pandemic. It examines the complexities of negotiations between affected countries and fiscally conservative members and emphasizes the introduction of the 'Next Generation EU' initiative, which includes grants and loans. The chapter also reflects on the implications of this agreement for future collective debt actions and the ongoing enforcement of rule of law within the EU.

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