At the end of May, the European Commission announced a €750-billion EU recovery plan entitled "Next Generation EU", designed to help revive European economies affected by the novel corona crisis pandemic. Basically the EU will use its strong credit rating to borrow this money on financial markets, and will then repay it over a long period through future EU budgets - between 2028 and 2058. Out of the total sum, €500 billion should be used to provide loans to Member States, with the remaining resources to be used for non-repayable support, financial instruments, or provisioning for budgetary guarantees by the Union. What could this plan mean for Slovakia? Anca Dragu reports.
A historical opportunity
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