After the Covid-19 pandemic took a serious chunk out of EU economies in 2020, the bloc is betting on massive public spending projects to haul them out of the crisis and into a brighter future. The whole package is known as "Next Generation EU". It's worth €800 million in total across the 27 member states and will be handed out as a mix of loans and grants. As well as rebooting the EU's economies, the aim is to achieve certain green and digital objectives, with a certain proportion of the money ring-fenced for each.
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