The economic impact of the deal agreed in the European Council should not be underestimated: the European Union launching bonds to the tune of €750bn is no less than historic. We needed to make common cause against the economic fallout from Covid-19, and we have.
It is the politics behind it I'm worried about: the national logic has been pushed through both in revenues and disbursement, which could open the door to years of acrimonious discussions on the costs and benefits of the Europe...
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Already a member? Login hereGuy Verhofstadt is a Belgian MEP, former leader of the ALDE group and was prime minister of Belgium from 1999 to 2008.
Guy Verhofstadt is a Belgian MEP, former leader of the ALDE group and was prime minister of Belgium from 1999 to 2008.