Against the background of the global Corona pandemic, there is an urgent need for the EU to step up its international cooperation efforts.
By Michael Obrovsky
Reacting rather swiftly to the economic and social effects of the COVID-19 crisis, The European Council in its July 2020 meeting has agreed on the reconstruction instrument “NextGenerationEU“. The latter features a financial volume of € 750 billion to strengthen the EU budget 2021-2024 and € 1,074.3 billion for the long-term budget (MFF Multiannual Financial Framework) for the period 2021-2027. While new instruments and billions of euros are being provided for the recovery of the European economy, the EU’s international cooperation framework with the Global South is still based on a pre-COVID-19 approach. Continue reading “It’s about Europe’s future, stupid!”