In leading the way to NGEU, the Covid crisis may have marked a crucial milestone in European construction. The amounts involved are high enough to play a decisive role, both in accelerating the cyclical recovery (especially in “peripheral” countries) and in providing a supply-side improvement. Member-states, however, will face a major challenge in absorbing them rapidly and productively.
The launch of the European recovery fund, called Next Generation EU (NGEU), is potentially a big step forward for at least three reasons:
You can now read the full whitepaper at the link below