Overcoming the Hungarian and Polish vetoes is key to (at least partially) unblocking the EU budget: a pot of 1.8 billion euros, including the Next Generation EU package. These funds are an essential lifeline to European economies, after an estimated 7.4% drop in GDP this year.
What other steps are necessary to unlock the Recovery Fund for good? Will Europe be able to achieve this long-sought goal? When will the money be spent, and what for? Will we see a stronger and closer European Union emerge from the pandemic?