Joint borrowing is dividing Europe from within

The European Union’s €800 billion recovery instrument (also known as #NextGenerationEU) was supposed to represent an unprecedented joint response to the Covid-19 pandemic — a transformative moment of deepening EU integration and a first step toward a fuller economic and political union.

Alas, these dreams — much like European solidarity with Ukraine — have quickly given way to more grubby political realities.

Read more