Today the European Council discussed a proposal drafted by the European Commission for the economic recovery in Europe in the aftermath of coronavirus. The Recovery Plan is two-fold: (1) Next Generation EU is a new recovery instrument of €750 billion which will boost the EU budget with new financing raised on the financial markets for 2021-2024, an instrument which is part of the larger (2) Multiannual Financial Framework 2021-2027 of more than €1 Trillion. But how does the European Commission want to realize this? And will it contribute to a better Europe or a bigger Europe? See here a critical analysis on this Proposal