After five days of tough negotiations, the EU has reached a deal to bounce back from the COVID-19 pandemic. This is an unprecedented decision for volume, content and key elements of innovation. Europe, today, is stronger than ever.
Nevertheless, the needed extra-mile came at a sour price. For the first time, the Multiannual Financial Framework (MFF) has decreased, also in real terms. The governance of the Resilience and Recovery Facility is all but consistent, with the European Parliament cut off, and the rebates increased, despite the UK's departure.