Foreign Policy Magazine

Europe’s Losers Have Become Its Winners Again

One of the nicer stories doing the rounds in Brussels these days is about how Europe’s COVID-19 recovery funds are spent. We’re talking about the roughly $869 billion in grants and loans the European Union’s 27 national leaders earmarked in 2020 for projects to kick-start their economies after the pandemic. By now, all member states have proposed dozens of different projects, with some of them already implemented. In Brussels, around 80 officials are working around the clock to process and evaluate these applications and check project details against a list of criteria such as green transition, digital innovation, economic and social resilience, and so on.

Which projects pass this scrutiny with the greatest ease? Interestingly, they’re the ones proposed by countries such as Greece, Ireland,

You’re reading a preview, subscribe to read more.

More from Foreign Policy Magazine

Foreign Policy Magazine1 min read
Be A Part Of The Inner Circle.
Focus on the journalism on ForeignPolicy.com — and nothing else. Read exclusive Q&A’s driving deeper into the biggest headlines. Access curated reading lists on specific geopolitical topics. Get a free gift subscription to share with anyone you choos
Foreign Policy Magazine14 min read
The True Believer
IT ALL BEGAN IN BEIJING. Narendra Modi was the chief minister of Gujarat when he visited in 2011 to pitch his state as a destination for Chinese investment. As India’s ambassador to China at the time, S. Jaishankar was tasked with helping to facilita
Foreign Policy Magazine1 min readIntelligence (AI) & Semantics
Advancing A Global Affairs Career
UNDERSTAND EMPLOYEMENT TRENDS LEARN ABOUT CAREER PREPARATION SEE HOW GRADUATE SCHOOL CAN HELP A look at some of Foreign Policy’s headlines-such as "What AI Will Do to Elections" and "Italy’s Energy Deal Faces Backlash in Africa" - provides insight in

Related Books & Audiobooks